Singapore Shares Drop 1.3%, Tracking Wall Street's Tumble -- Market Talk

Dow Jones
03-11

0107 GMT - Singapore's FTSE Straits Times Index falls 1.3% to 3848.94 in early trade, tracking Wall Street's tumble overnight. Investors have fretted that uncertainty over U.S. President Trump's tariff policies could tip the world's largest economy into a recession, Phillip Securities Research team says in a commentary. That has come after Trump refused to rule out the possibility of a 2025 recession, the team adds. Among the worst performers on the benchmark index, Sembcorp Industries falls 3.2%, Singapore Technologies Engineering sheds 2.8%, and UOL Group is 2.55% lower. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

March 10, 2025 21:08 ET (01:08 GMT)

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