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
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention