Singapore Shares Sink Despite Regional Gains; NIO Plunges 10%

MT Newswires

Oct 16

Singapore shares sank on Thursday, despite broader regional gains, as US Treasury Secretary Scott Bessent offered a reconciliatory tone towards the US-China trade war, in contrast to President Donald Trump's blunt commentary of trade relations with China.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,341.97 and 4,369.73 throughout the day. It ended the session at 4,356.20, down 12.22 points or 0.28% compared to Wednesday's close.

In company news, shares of Advanced Systems Automation (SGX:WJ9) were down over 14% at the close as it was served with an originating claim by ASTI.

Nio's (SGX:NIO, HKG:9866) Singapore's were down over 9% as GIC, Singapore's sovereign wealth fund, sued the Chinese EV maker in the US for inflating revenue, according to a report by Bloomberg.

Meanwhile, shares of Singapore Exchange (SGX:S68) were down nearly 3% after it launched the Indonesia-Singapore Depository Receipt Linkage.

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It ended the session at 4,356.20, down 12.22 points or 0.28% compared to Wednesday&#39;s close.</p><p>In company news, shares of Advanced Systems Automation (SGX:WJ9) were down over 14% at the close as it was served with an originating claim by ASTI.</p><p><a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>&#39;s (SGX:NIO, HKG:9866) Singapore&#39;s were down over 9% as GIC, Singapore&#39;s sovereign wealth fund, sued the Chinese EV maker in the US for inflating revenue, according to a report by Bloomberg.</p><p>Meanwhile, shares of Singapore Exchange (SGX:S68) were down nearly 3% after it launched the Indonesia-Singapore Depository Receipt Linkage.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/37e4bd5772eb3a77ed1a32a971fc8486\" tg-width=\"491\" tg-height=\"709\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0192582467.USD","symbol_name":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2575071139","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575071139","pubTimestamp":1760609400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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