Posts by Yurie Miyazawa
Europe: Shares in the red at open
[BRUSSELS] European equities opened in the red on Friday (Apr 4), extending losses after US President Donald Trump’s tariff offensive sparked a…
Read MoreAsia: Stocks extend global rout after Trump’s shock tariff blitz
[HONG KONG] Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump’s tariff blitz that has inflamed a trade war and ramped up recession and inflation fears. The US president’s harsher-than-expected “Liberation Day” levies sent shockwaves through markets on Thursday, with Wall Street suffering its worst day since the early…
Read MoreSingapore’s STI drops 2.6%; Asia markets extend declines on Trump tariff troubles
[SINGAPORE] Singapore equities began Friday (Apr 4) in negative territory, following the slump in all three major Wall Street indices and European shares on Thursday. The Straits Times Index (STI) plummeted and was down 100.37 points or 2.6 per cent at 3,841.86 as at 2.01 pm. Across the broader market, losers outnumbered gainers 373 to…
Read MoreSingapore’s STI drops 1.5%; Asia markets extend declines on Trump tariff troubles
[SINGAPORE] Singapore equities began Friday (Apr 4) in negative territory, following the slump in all three major Wall Street indices and European shares on Thursday. As at 9.01 am, the Straits Times Index (STI) fell nearly 60 points or 1.5 per cent to 3,882.24. Across the broader market, losers outnumbered gainers 211 to 51 after…
Read MoreTrade war boosts odds of Bank of England pushing ahead with May rate cut
THE threat of a global trade war is set to tip the balance at the Bank of England toward more interest-rate cuts, investors and economists say. The raft of tariffs unveiled by US President Donald Trump boosted expectations that the UK central bank will stick with a once-a-quarter easing pace that only a few weeks…
Read MoreOil dives more than 6%, steepest fall in 3 years on tariffs, Opec+ supply boost
[HOUSTON] Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after Opec+ agreed to a surprise increase in output the day after US President Donald Trump announced sweeping new import tariffs Brent futures settled at US$70.14 a barrel, down US$4.81, or 6.42 per cent. US West Texas Intermediate crude futures finished…
Read MoreEuro jumps over 2% against dollar after hefty US tariffs
[LONDON] The euro rallied more than 2 per cent against the dollar on Thursday (Apr 3) and was set for its best day in more than nine years as investors shunned the greenback after President Donald Trump announced harsher-than-expected tariffs on US trading partners. Investors also flocked to safe haven units such as the yen…
Read MoreOpec+ agrees to make larger than expected supply hike in May
[RIYADH] Opec+ agreed to make a larger than expected oil supply hike in May, adding the equivalent of three monthly tranches from its previous plan to revive output. The group led by Saudi Arabia and Russia will add 411,000 barrels a day to the market next month, according to a statement posted on the Opec…
Read MoreTariffs rip through South-east Asia stocks, sink Vietnam’s market
[HANOI] South-east Asian stocks and currencies fell after Asian emerging nations were given some of the biggest tariff increases by US President Donald Trump. Vietnamese shares tumbled. Vietnam’s main stock index slid as much as 6.2 per cent, heading for its biggest one-day drop in more than four years, while equities in Thailand, the Philippines,…
Read MoreCar dealer, candy maker could be first listings on SGX this year
[SINGAPORE] Automotive-solutions provider Vin’s Holdings could be the first listing on the Singapore Exchange (SGX) this year. The car dealer, whose businesses include the sale of new parallel-import and pre-owned motor vehicles, maintenance and repair services, as well as rental and leasing, in mid March lodged preliminary offer documents for listing on the SGX Catalist…
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