Singapore shares close up 0.4% ahead of July 6 tariff deadline
SINGAPORE stocks ended 0.4 per cent higher on Thursday, a day ahead of a July 6 deadline where the United States is set to impose tariffs on some US$34 billion in Chinese imports.
China is expected to immediately hit back with its own arsenal of tariffs, with US countermeasures a looming possibility.
The Straits Times Index added 11.82 points to close at 3,256.71, after hitting an intraday low of 3,239.32.
Losers edged out gainers 200 to 175, with some 1.85 billion shares worth S$973.4 million in total changing hands.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard