Market Focus Daily: Monday, February 3, 2025

Published Mon, Feb 3, 2025 · 05:46 PM

Market updates for Monday. PHOTO: ADOBE STOCK

Asian markets tumble while US dollar surges and gold prices fall as Trump imposes tariffs; TSMC shares fall amid global tech sell-off triggered by DeepSeek; China leaves the door open to trade talks with the US.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written and hosted by: Emily Liu (emilyliu@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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Singapore shares fall at Monday’s open; STI down 1.5%

The US dollar index hovered near a three-week peak, making greenback-priced gold more expensive for foreign buyers.

Gold dips as US dollar strengthens on Trump tariffs

The greenback rose as much as 0.9 per cent against the Singapore dollar, fetching S$1.3681 past 8.20 am on Monday.

US dollar surges against Singapore dollar, major currencies on Trump’s tariffs

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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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