Seatrium, YZJ Shipbuilding, Keppel, CLI Lose More Than a Tenth of Value as STI Falls 8%
DBS shares have declined the most among the three banks, falling 9.89% to $39.02 prior to the midday break on April 7.
Seatrium shares lost more than a tenth of their value prior to the midday break on April 7, declining 14.95% to $1.65 amid a global sell-off triggered by US President Donald Trump’s broad tariffs, levied on some 60 countries or trading blocs.
Yangzijiang Shipbuilding, Keppel and CapitaLand Investment were also the worst-hit among the 30 constituents of the Straits Times Index (STI), falling 11.98%, 10.84% and 10.57% respectively as at noon.
CLI shares erased a fortnight of gains. Shares in Yangzijiang Shipbuilding have been declining since February, when the US proposed steep fees on Chinese-built or Chinese-operated ships entering American ports. Yangzijiang Shipbuilding shares have fallen some 35% year to date.
The fifth-biggest loser, SGX, fell 9.91% to $11.73 in morning trading; while DBS shares have declined the most among the three banks, falling 9.89% to $39.02.
The STI has fallen some 8% so far, declining 310.7 points to 3,515.16 points at noon.
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