SUBSCRIBERS

STI down 0.5% as Wall St losses sting

Worries ahead for stock markets as price action suggests more pain expected, says IG

Angela Tan
Published Tue, Apr 3, 2018 · 09:50 PM

SINGAPORE shares opened weaker on Tuesday, after US equities on Wall Street posted their worst start to April since the Great Depression in 1929.

Investors took their cue from overnight US markets which tumbled on the first trading session back after Easter holidays, both on trade war fears and a bearish turn for technology stocks.

Adding to the market's nervousness was US President Donald Trump's repeated threat to tear up the North American Free Trade Agreement, tweeting that Mexico was doing too little to counter illegal immigration into the US.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here