STI falls 0.8% as trade war fears linger
The 3 banks - which shed between 9 cents and 23 cents - led the losers, despite analysts' calls to buy on dips
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STOCK markets in Asia reacted despairingly to the ongoing trade spat which is threatening to involve more countries.
As US President Donald Trump fulfils his campaign promise to revive the American economy by putting 'America First', the ramifications of his protectionist approach are beginning to be felt in major markets.
Mr Trump has set off trade spats with various countries, including allies, demanding new trade agreements and slapping tariffs to reset what he deems are deeply unfair terms that hurt American firms and workers. Latest headlines from The Wall Street Journal reported that the US leader plans to bar many Chinese companies from investing in US technology firms and block additional technology exports to China.
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