0111 GMT - Singapore's FTSE Straits Times Index is down 1.8% to 3407.88 in early trade, tracking Wall Street's losses overnight. "Investors remain nervous, given the uncertain growth backdrop sparked by the U.S. tariffs and threats of further retaliation," Commerzbank Research analysts say in a research report. Tuesday's "price action seems to affirm the notion that under such an environment, relief rallies in risk assets may be short-lived," they add. Among the worst performers on the benchmark index, Mapletree Logistics Trust slides 4.35%, Yangzijiang Shipbuilding falls 4.2%, and Seatrium loses 4.1%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 21:11 ET (01:11 GMT)
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