Latest / Your Way Home with Hongbin Jeong
Market View: Trump announces 10% universal tariffs on top of additional duties for certain countries; Asian markets tumbled on the news; STI bucked regional trend; China, EU to retaliate; Gold hits record high; OCBC, Stoneweg E-Reit to watch
Singapore’s shares bucked the regional trend today as Asian markets fell hard on the back of US President Donald Trump’s “Liberation Day” tariffs. The country imposes no tariffs on US products under the US-Singapore Free Trade Agreement and was only subject to the baseline 10 per cent rate. The Straits Times Index (STI) was relatively little moved, falling about 0.5 per cent shortly after the open. In terms of companies to watch, we have OCBC after the bank announced yesterday that it plans to deploy £10 billion (S$17.4 billion) in financing over the next six…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.