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Singapore stocks declined on Tuesday’s open—STI dropped 0.3% Singapore News

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Singapore stocks opened on Tuesday following similar declines in other Asian markets after US President-elect Donald Trump announced an additional 10% tariff on Chinese goods, adding to existing levi

es and raising concerns among investors.

In the broader market, 73 declined while 52 gained, with 123.9 million securities valued at S$309 million traded. Banking stocks had mixed results as trading began on Tuesday. DBS rose 0.1%, adding S$0.02 to S$42.27, while OCBC gained 0.4%, or S$0.06, to S$16.25. UOB was the only major bank to decline, dipping 0.1%, or S$0.02, to S$35.99.

 

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