STI falls 1.2% on jitters over Trump's tariff threats

SINGAPORE shares closed lower on Monday, alongside other regional markets as US President Donald Trump drags the world into a showdown over trade, while Italy seems headed for a hung parliament.

After opening at 3,490.06, the benchmark Straits Times Index closed at 3,438.61, down 40.59 points, or 1.2 per cent. More than 2.3 billion shares, worth S$1.6 billion, were traded. There were 137 gainers to 351 losers.

Creative Technology bucked the general downtrend to trade higher. The stock closed at S$8.75, up S$3.62, or 70.57 per cent. Creative has risen a whopping 617 per cent since Feb 22, the day The Business Times published the article that Creative founder Sim Wong Hoo believed he has found the holy grail of headphone audio with his Super X-Fi headphone holography. On Feb 22, Creative was trading around S$1.25 a share.