Singapore Shares Close Week in Red. STI Down 1.8%; DBS Group down 3.9%; OCBC down 2.7%; UOB down 2.2%

MT Newswires

Apr 11, 2025

Singapore shares closed the week in red on Friday as US-China trade wars intensified, with Beijing slapping a retaliatory 125% tax on the US.

The Straits Times Index $(STI)$, a key benchmark for the Singapore Exchange, ranged between 3,464.44 and 3,530.16 throughout the day. It ended the session at 3,512.53, down 65.30 points or 1.83% compared to Thursday's close.

DBS Group down 3.9%; OCBC down 2.7%; UOB down 2.2%; Sats down 1.5%; SIA down 1.4%.

In company news, shares of Thakral (SGX:AWI) were up nearly 3% after its associated company, GemLife received approval to develop an over-50s lifestyle resort in Queensland, Australia, for AU$428 million.

SATS' (SGX:S58) shares were down nearly 2% at the close after it announced that its unit, SATS-Creuers Cruise Services, will lead the expansion of the Marina Bay Cruise Centre Singapore.

Meanwhile, Singapore Technologies Engineering's (SGX:S63) shares went up nearly 1% after it said its Urban Solutions business was awarded a turnkey rail services contract for a new Taichung MRT Blue Line worth SG$1.4 billion by the Rapid Transit System Bureau of Taichung City Government, Taiwan.

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STI Down 1.8%; DBS Group down 3.9%; OCBC down 2.7%; UOB down 2.2%","media":"MT Newswires","content":"<html><head></head><body><p>Singapore shares closed the week in red on Friday as US-China trade wars intensified, with Beijing slapping a retaliatory 125% tax on the US.</p><p>The Straits Times Index <a href=\"https://laohu8.com/S/STI\">$(STI)$</a>, a key benchmark for the Singapore Exchange, ranged between 3,464.44 and 3,530.16 throughout the day. It ended the session at 3,512.53, down 65.30 points or 1.83% compared to Thursday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0c27fd94a0fe9cd77e9fdf6ffef84c9c\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>DBS Group down 3.9%; OCBC down 2.7%; UOB down 2.2%; Sats down 1.5%; SIA down 1.4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3435820106ef818ea183fe70c47127fa\" title=\"\" tg-width=\"492\" tg-height=\"703\"/></p><p>In company news, shares of Thakral (SGX:AWI) were up nearly 3% after its associated company, GemLife received approval to develop an over-50s lifestyle resort in Queensland, Australia, for AU$428 million.</p><p>SATS&#39; (SGX:S58) shares were down nearly 2% at the close after it announced that its unit, SATS-Creuers Cruise Services, will lead the expansion of the Marina Bay Cruise Centre Singapore.</p><p>Meanwhile, Singapore Technologies Engineering&#39;s (SGX:S63) shares went up nearly 1% after it said its Urban Solutions business was awarded a turnkey rail services contract for a new Taichung MRT Blue Line worth SG$1.4 billion by the Rapid Transit System Bureau of Taichung City Government, Taiwan.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Close Week in Red. 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STI Down 1.8%; DBS Group down 3.9%; OCBC down 2.7%; UOB down 2.2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-04-11 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Singapore shares closed the week in red on Friday as US-China trade wars intensified, with Beijing slapping a retaliatory 125% tax on the US.</p><p>The Straits Times Index <a href=\"https://laohu8.com/S/STI\">$(STI)$</a>, a key benchmark for the Singapore Exchange, ranged between 3,464.44 and 3,530.16 throughout the day. It ended the session at 3,512.53, down 65.30 points or 1.83% compared to Thursday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0c27fd94a0fe9cd77e9fdf6ffef84c9c\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>DBS Group down 3.9%; OCBC down 2.7%; UOB down 2.2%; Sats down 1.5%; SIA down 1.4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3435820106ef818ea183fe70c47127fa\" title=\"\" tg-width=\"492\" tg-height=\"703\"/></p><p>In company news, shares of Thakral (SGX:AWI) were up nearly 3% after its associated company, GemLife received approval to develop an over-50s lifestyle resort in Queensland, Australia, for AU$428 million.</p><p>SATS&#39; (SGX:S58) shares were down nearly 2% at the close after it announced that its unit, SATS-Creuers Cruise Services, will lead the expansion of the Marina Bay Cruise Centre Singapore.</p><p>Meanwhile, Singapore Technologies Engineering&#39;s (SGX:S63) shares went up nearly 1% after it said its Urban Solutions business was awarded a turnkey rail services contract for a new Taichung MRT Blue Line worth SG$1.4 billion by the Rapid Transit System Bureau of Taichung City Government, Taiwan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"U11.SI","symbol_name":"大华银行","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2526655853","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526655853","pubTimestamp":1744365607,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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