Straits Times Index falls as fears resurface
Asia is rattled by tariff threats as Nikkei 225, Hang Seng, Shanghai Composite, Kospi, ASX 200, KL Composite dip
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
INVESTORS' allayed concerns early in the week were short-lived as Asian markets were rattled on Wednesday.
This came after the Trump administration announced plans to impose 10 per cent tariffs on a new list of Chinese imports worth US$200 billion.
In a morning note, IG market strategist Pan Jingyi said: "The additional tariffs while not slated for immediate implementation, with a two-month review process scheduled until hearings in late August, does point to the likelihood of eventual materialisation.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
