Trump tariffs spark S-Reits sell-off but analysts say sector remains ‘safe haven’
US office and China-exposed Singapore-listed real estate investment trusts among the top losers
Add BT as a preferred source
[SINGAPORE] Almost all Singapore-listed real estate investment trusts, or S-Reits, ended in the red on Wednesday (Apr 9), with US office and China-exposed S-Reits among the top losers.
The share movement comes after US tariffs, which include a 104 per cent tax on many Chinese goods, took effect at 12.01 am US time on Wednesday. The “Liberation Day” taxes were announced by US President Donald Trump on Apr 2.
Manulife US Reit had the biggest decline among S-Reits, falling 10.2 per cent to end at US$0.053. Two other US office Reit counters were among the top 10 decliners. They were Prime US Reit , which shed 5.9 per cent, as well as Keppel Pacific Oak US Reit which fell 5.1 per cent.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study
