Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Singapore bourse spared in regional rout sparked by US tariffs; STI down just 0.3%

by Riah Marton
in Technology
Singapore bourse spared in regional rout sparked by US tariffs; STI down just 0.3%
Share on FacebookShare on Twitter


[SINGAPORE] Compared to their regional peers, Singapore shares ended Thursday (Apr 3) almost unscathed by the tsunami of tariffs the United States unleased on its trading partners, as the city-state is among the countries facing the lowest duty rate of 10 per cent.

The blue-chip gauge, the Straits Times Index (STI), closed lower by only 0.3 per cent or 11.98 points at 3,942.23.

Other key markets in the region were hit harder by the duties, with their indices dropping by 0.3 to 2.8 per cent. But the Shanghai Composite Index was surprisingly resilient: It slipped just 0.2 per cent, despite China being slapped with a 34 per cent reciprocal tariff on top of earlier levies.

OCBC Global Markets Research said Singapore’s 10 per cent tariff is a “silver lining”, since it is “relatively mild” compared to the duties imposed on China, Vietnam and many other Asean countries.

“Singapore’s resilience will depend on how well it adapts to shifting trade flows, potentially benefiting from companies diversifying away from the more heavily tariffed countries, while managing broader economic uncertainties and financial market volatility,” it added.

However, the Republic will still feel an indirect impact through knock-on effects on its role as a trading, logistics and financial hub, the report said. Singapore’s top three non-oil domestic export markets in 2024 were China (17 per cent), the United States (15.8 per cent), and Malaysia (8.7 per cent). 

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Across the broader market in Singapore, decliners trumped gainers 329 to 216, with 1.3 billion securities valued at S$1.9 billion transacted.

Shares of OCBC closed down 0.8 per cent or S$0.13 at S$17.09, a day after the bank announced its plans to deploy £10 billion (S$17.4 billion) in financing over the next six years to support foreign direct investment into the United Kingdom.

The funds will be channelled into sectors that include energy, transportation, infrastructure, data centres and real estate. Separately, the lender has also priced 500 million euros (S$737 million) in fixed-rate covered bonds due 2028.

The other banking counters slid as well. UOB declined 1.8 per cent or S$0.69 to S$36.88, and DBS was down 1.1 per cent or S$0.52 at S$45.52.

China-based Yangzijiang Shipbuilding was the worst performer on the STI, finishing 3.8 per cent or S$0.09 lower at S$2.26.

Tags: bourseRegionalroutSingaporesparedSparkedSTITariffs
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Tariffs rip through South-east Asia stocks, sink Vietnam’s market

Tariffs rip through South-east Asia stocks, sink Vietnam’s market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In