Singapore Shares Fall as Tariffs Fuel Fears -- Market Talk

Dow Jones

2025/02/28

0937 GMT - Singapore's FTSE Straits Times Index closed 0.65% lower at 3895.70, as market sentiment was hit by U.S. President Trump announcing an additional 10% tariff on Chinese imports. The latest move could trigger a new round of tit-for-tat tariff escalations between the U.S. and China unless a last minute deal is reached before March 4, said Commerzbank Research analysts in a note. Among worst performers were Seatrium, falling 3.2%, Yangzijiang Shipbuilding, dropping 2.5%, and Frasers Logistics & Commercial Trust, which was down 2.3%. Meanwhile, ST Engineering added 3.05% and UOL Group climbed 1.9%. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

February 28, 2025 04:37 ET (09:37 GMT)

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The latest move could trigger a new round of tit-for-tat tariff escalations between the U.S. and China unless a last minute deal is reached before March 4, said Commerzbank Research analysts in a note. Among worst performers were Seatrium, falling 3.2%, Yangzijiang Shipbuilding, dropping 2.5%, and Frasers Logistics &amp; Commercial Trust, which was down 2.3%. Meanwhile, ST Engineering added 3.05% and UOL Group climbed 1.9%. 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