Singapore Shares Surge as Trump Unveils Tariffs Details; SGX Jumps 3%; SIA Gains 1%

MT Newswires

Jul 08

Singapore shares extended gains on Tuesday, mirroring gains across most regional indices, as US President Donald Trump revealed his tariff details.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,019.68 and 4,058.80 throughout the day. It ended the session at 4,047.86, up 16.00 points or 0.4% compared to Monday's close.

In company news, shares of Jiutian Chemical Group (SGX:C8R) were down over 8% at the close with the company receiving a notice of arbitration from a claimant who is a minority shareholder in the company's former 80% subsidiary, Changzhou Jiutian Xiean Chemical.

Rex International's (SGX:5WH) shares were up over 7% with its Brage Field operator, OKEA ASA, starting a spudding process on an operation field.

Meanwhile, shares of China Aviation Oil (Singapore) (SGX:G92) rose over 2% at the close as the company won a legal battle with Banque de Commerce Et De Placements (BCP) after the Court of Appeal of Singapore dismissed the latter's appeal over allegations of deceit.

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