Singapore stocks turn negative after Trump tariff hike: STI down 0.05%

SINGAPORE stocks resumed trading on Friday afternoon in negative territory, with the Straits Times Index down 0.05 per cent or 1.71 points to 3,267.99, on the day as at 1.01pm.

This comes after US President Donald Trump's tariff hike on US$200 billion of Chinese goods took effect as at 12.01am Washington time, or 12.01pm in Singapore. Losers outnumbered gainers 174 to 143 when the market reopened, after about 578.6 million shares worth S$557.05 million exchanged hands. Among the most heavily traded by volume, Thomson Medical was up 1.4 per cent, or 0.1 Singapore cent to 7.3 cents, with 25.1 million shares traded; while Genting Singapore fell 2.1 per cent, or two Singapore cents to S$0.93, with 21.7 million shares traded.Other active stocks included Venture Corp which slipped 3.6 per cent or S$0.59 to S$15.86 on an ex-dividend basis.

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Singapore stocks: STI resumes Wednesday afternoon down 1%; other Asian markets also lowerTHE Singapore market extended losses made in the early session, following Wall Street's delayed reaction to the US's move to raise tariffs on Chinese goods on Friday, driving uneasiness among investors hoping for a resolution to a US-China trade deal. Read more at The Business Times.
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