Singapore Shares Fall 0.4% Amid Lingering Uncertainty Over U.S. Tariff Talks -- Market Talk

Dow Jones

2025/04/28

0115 GMT - Singapore's FTSE Straits Times Index falls 0.4% to 3807.95 amid lingering uncertainty over U.S. tariff talks with trading partners. "Several countries mentioned the lack of requests from the U.S. to even start negotiations," Phillip Securities Research's Paul Chew says in a research report. Also, "most countries are not willing to change their value-added tax or agriculture subsidies," the head of research adds. Among the worst performers on the benchmark index, UOB drops 3.4%, Keppel falls 3.0% and Hongkong Land sheds 1.3%. Meanwhile, Yangzijiang Shipbuilding rises 1.8%, Genting Singapore adds 1.4% and Thai Beverage is 1.0% higher. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 27, 2025 21:15 ET (01:15 GMT)

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