0116 GMT - Singapore's FTSE Straits Times Index falls 0.3% to 3896.07, tracking Wall Street's losses overnight. President Trump confirmed that the 25% tariffs on imports from Canada and Mexico would be effective from Tuesday. "Trump's tariffs are going ahead and there's no wriggle room to escape them," says Matt Simpson, market analyst at FOREX.com and City Index, in a commentary. Tariff-related worries also have continued to show up in U.S. economic data, Simpson adds. Among the worst performers on Singapore's benchmark index, Yangzijiang Shipbuilding falls 4.1%, Seatrium drops 2.3%, and CapitaLand Investment loses 1.5%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 20:16 ET (01:16 GMT)
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