Singapore stocks traded lower this afternoon, as investors continued to digest the threat of Trump’s tariffs.
As at about noon time (12.01 pm), the Straits Times Index (STI) was down 0.3 per cent at 3,702.8 points after 421.2 million securities changed hands in the broader market.
In terms of companies to watch, we have Singapore Post, after the national postal service provider said yesterday that it was in exclusive talks with a third party for a potential sale of its Australia business, while stating that no definitive deal has been reached.
Elsewhere, from more on US President-elect Donald Trump’s move to choose tough-negotiating hawk and lawyer Jamieson Greer as his trade envoy, to CrowdStrike raising its annual revenue and profit forecasts – more international and corporate headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeff Ng, Head of Asia Macro Strategy, Sumitomo Mitsui Banking Corporation.
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