Singapore Shares Consolidate as Investors Digest Trump's Auto Tariff Plan -- Market Talk

Dow Jones

03/27

0121 GMT - Singapore's FTSE Straits Times Index is little changed at 3964.64 in early trade, erasing earlier mild gains as investors digest President Trump's plan to impose 25% tariffs on global automotive imports to the U.S. Investors are concerned over the impact of trade tariffs, Phillip Securities Research team says in commentary. Tariff uncertainty continued to weigh on sentiment overnight, the team adds. Among top decliners, Genting Singapore falls 2.0%, Seatrium loses 0.9%, and Yangzijiang Shipbuilding is down 0.8%. Among top advancers, UOL Group rises 1.0%, Hongkong Land adds 1.1%, and DFI Retail Group is up 0.8%. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 26, 2025 21:21 ET (01:21 GMT)

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