Singapore Shares Close Lower as Trump Tariffs Trigger Regional Panic; Nio Rises 4.5%
Singapore's stock market remained in the red zone on Tuesday with investor confidence taking a beating after China retaliated with tariffs on US goods following US President Donald Trump's tariffs.
The STI.SI, a key benchmark for the Singapore Exchange, ranged between 3,817.58 and 3,858.17 throughout the day. It ended the session at 3,823.01, down 3.46 points or 0.1% compared to Monday's close.
In company news, shares of CapitaLandInvest were up nearly 2% at the close after it acquired a freehold land parcel in Osaka, Japan, to develop its first data center in the country.
$Lendlease Reit(JYEU.SI) $ was down nearly 1% after its distribution per unit or DPU declined 14% for the fiscal first half ended Dec. 31, 2024, to SG$0.018 from SG$0.021 a year earlier.
Meanwhile, KepPacOakReitUSD's income available for distribution for the second half of 2024 was down nearly 9% to $23.8 million from $26.1 million a year earlier.
CSC rose 10%; Nio rose 4.5%; OUE rose 1%; Sembcorp Industries, SATS fell 2%; Keppel fell 1.6%; SIA fell 1%.
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