Singapore Shares Fall 0.4%, Tracking Wall Street's Losses -- Market Talk

Dow Jones
02-28

0114 GMT - Singapore's FTSE Straits Times Index falls 0.4% to 3904.91, tracking Wall Street's losses overnight. The main theme has been risk-off, Commerzbank Research analysts say in a research report. U.S. President Trump said Thursday that 25% tariffs on Canada and Mexico are on track to commence on March 4, and said an additional 10% tariff will be imposed on China, the analysts note. Among the worst performers on the benchmark index, Seatrium falls 1.4%, Venture Corp. sheds 0.9%, and OCBC is down 0.8%. Olam Group slips 7.7% after reporting its net profit fell 69% in 2024. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 27, 2025 20:14 ET (01:14 GMT)

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