New U.S. Tariffs Unlikely to Weigh Heavily on Singapore Large Companies
Dow Jones
Jul 24
New U.S. tariffs unveiled by President Trump are unlikely to have significant direct drag to Singapore's blue-chip companies on the FTSE Straits Times Index, says DBS Group Research in commentary.
The U.S. says it will impose tariffs ranging from 10% to 12.5% on its major trading partners. The index heavyweights, mostly in banking, telecommunications and real-estate sectors, have large domestic and regional exposure and offer minimal exports to the U.S., DBS notes. The U.S. tariffs are also likely to be a secondary risk to the stocks compared with investor jitters over massive artificial-intelligence spending, the resurgence of oil prices and a potential Federal Reserve rate hike in September, they add.
(END) Dow Jones Newswires
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