Market Focus Daily: Tuesday, February 4, 2025

Market updates for Tuesday PHOTO: ADOBE STOCK

Published Tue, Feb 4, 2025 · 05:46 PM

Asian stocks boosted by Trump’s Mexico, Canada tariff delay; China hits back with tariffs on US goods after Trump imposes new levies; Indonesia approves Bill to set up Temasek-style investment firm managing 1,000 trillion rupiah in assets; Grab, GoTo are hoping to merge this year.

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 bucks regional showing as Trump defers tariffs on neighbours; STI slips 0.1%

Asian stock markets advanced with Hong Kong up more than three per cent, while Tokyo, Seoul and Manila were all more than one per cent higher.

Asia: Stocks and peso boosted by Trump’s Mexico, Canada tariff delay

Additional 10 per cent tariff across all Chinese imports into the US came into effect at 12.01 am ET on Tuesday (0501 GMT) after Trump repeatedly warned Beijing it was not doing enough to halt the flow of illicit drugs into the US.

China hits back with tariffs on US goods after Trump imposes new levies

Observers consider the establishment of Danantara by President Prabowo (above) to be a strategic move to optimise the role of state-owned enterprises in driving the economy forward.

Indonesia approves Bill to set up investment firm managing 1,000 trillion rupiah in assets

The unprofitable firms have held on-and-off talks for years, targeting a combination that would reduce costs and competitive pressure in the region.

Grab weighs takeover of rival GoTo at US$7 billion valuation

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