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Market View: Trump announces tariffs on steel, aluminium imports, promises reciprocal tariffs, impact on Asia; Nippon Steel down most in four months; STI breaks new record; DBS crosses above S$46 and more
Singapore’s Straits Times Index (STI) has broken through to a new record high today. The index traded as high as 3,912.38 points just after the open. Its last record was 3,906.16 points on Oct 10, 2007. In terms of companies to watch, we have DBS. The lender posted net profit for the fourth quarter that was 11 per cent higher compared to the year-ago period at S$2.52 billion, but it fell slightly short of expectations. Elsewhere, from US President Donald Trump ramping up his trade war by announcing huge tariffs on steel and aluminium imports, to how Japan’s current account surplus…
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