Singapore Shares Edge 0.2% Lower, Tracking Wall Street's Losses -- Market Talk

Dow Jones
03-14

0112 GMT - Singapore's FTSE Straits Times Index edges 0.2% lower to 3831.46, tracking Wall Street's losses overnight. The main theme has been risk-off, Commerzbank Research analysts say in a research report. There are worries over further escalation in the trade war, the analysts say, noting President Trump's threat to impose 200% tariff on U.S. imports of wine, champagne and other alcoholic beverages from the EU. Among worst performers on the benchmark index, Sembcorp Industries falls 2.6%, Mapletree Logistics Trust loses 0.8%, and OCBC is down 0.7%. Meanwhile, Wilmar International rises 0.6% and index heavyweight DBS adds 0.4%. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

March 13, 2025 21:12 ET (01:12 GMT)

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