STI tracks Asian markets to end lower
Straits Times Index falls 20.02 points to 3,141.40 as investors brace themselves for new round of US-China tariff war
THE new week brought fresh pain for local stocks as shares on the key Straits Times Index (STI) were hit, falling after three days of gains last week. Amid reports that US President Donald Trump is preparing to level a fresh salvo of US$200 billion in tariffs this week, the STI fell into the red for the first time since last Tuesday.
US President Donald Trump is likely to announce the new tariffs on about US$200 billion worth of Chinese imports as early as the end of Monday, a senior administration official told Reuters on Saturday.
Mr Trump's plan comes at a time when his Treasury Secretary Steven Mnuchin attempts to restart trade talks with another bilateral meeting this month.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold holds steady as investors focus on US Fed meeting
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million
Binance and CZ’s fortunes are set to grow, jail or no jail