The Business Times

Capital Markets & Currencies

Capital Markets & Currencies

Wall Street opens lower as tariff uncertainty hurts risk appetite

[NEW YORK] Wall Street’s main indexes opened lower on Monday (Feb 23) as renewed tariff uncertainty unnerved investors after US President Donald Trump announced a new 15 per cent duty following a Supr...

Across the broader market, gainers beat losers 335 to 243, after 1.7 billion securities worth S$1.7 billion change hands.
Companies & Markets

Singapore stocks rise on Monday amid Trump’s latest tariff salvo; STI up 0.5%

The iEdge Singapore Next 50 Index remains almost flat at 1,520.5

DBS analysts maintain a “constructive” view on Astra International and forecast its FY2026 earnings to come in at around 4 per cent above consensus.
Capital Markets & Currencies
BROKERS’ TAKE

DBS initiates coverage on Jardine C&C with ‘buy’ on ‘strategic exposure’ to Vietnam, Indonesia

Astra International, which is 50.1% owned by the group, is expected to post consensus-beating earnings for FY2026, says DBS

Markets in Asia-Pacific largely shrugged off US President Donald Trump’s latest decision to increase the tariffs, with Singapore, South Korea, Taiwan, Hong Kong and Malaysia posting gains.
Global Enterprise

Asia sees ‘temporary’ tariff relief, Singapore to benefit despite direct hike: analysts

The fluid tariff situation is also not expected to derail the 2026 tech boom

The Bloomberg’s dollar index fell 8.1% last year, its biggest annual drop in eight years.
Capital Markets & Currencies

Dollar falls as traders sell US assets on trade policy risks

Asian currencies have also climbed

Seatrium is due to announce its full-year financial results on Feb 26.
Companies & Markets
HOT STOCK

Seatrium ends 2.3% higher on S$50 million savings target ahead of full-year earnings

Expected savings come amid the group’s divestment of non-core assets

US President Donald Trump announced increases in global tariffs to 15% from 10% on Saturday, after the US Supreme Court struck down his original slate of import duties.
Global Enterprise

Singapore’s STI up, Hong Kong stocks surge as Asia rises after Trump’s new tariffs

Trade levies on Asia have ‘likely peaked’, say Morgan Stanley analysts

The insurance arm of UOB on Friday reported a net profit of S$23.7 million for the second half.
Companies & Markets

Stocks to watch: UOI, Seatrium, Parkway Life Reit, Clas, Raffles Medical, Vicom, Concord New Energy

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Feb 23):

Japan and Korea have a significant share of companies that report persistently negative returns. In Singapore, a potential area of concern could be the Catalist board with more than 80 per cent trading below their initial public offer price.
Companies & Markets

SGX must find ‘sweet spot’ in culling underperforming firms as regional peers tighten curbs: market experts

The challenge lies in balancing market quality with competitiveness, say market observers

The pan-European Stoxx 600 extended earlier gains to close 0.8% higher at 630.56 points.
Companies & Markets

Europe: Stoxx 600 hits record after US Supreme Court strikes down Trump tariffs

[BENGALURU] Europe’s Stoxx 600 closed at a record on Friday (Feb 20) after investors welcomed the US Supreme Court ruling that struck down President Donald Trump’s sweeping tariffs.

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