Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Trump to impose sweeping reciprocal tariffs at 4pm ET – who will be the biggest gainers and losers?; EU says it has “strong plan” to retaliate against Trump’s tariffs; Walmart reportedly pushing Chinese suppliers to cut prices to offset tariffs; Grab receives street-hail service operator licence; Sembcorp, SingPost to watch
Singapore shares fell today as investors continue to mull heightened trade tensions globally.
The Straits Times Index dipped 0.27% to 3,957.94 points at about 1.30pm (1.29pm) with a value turnover of S$672.15M in the broader market.
In terms of companies to watch, we have Sembcorp Industries, after its wholly owned subsidiary Sembcorp Utilities signed a deal to raise its interest in Senoko Energy to as much as 70 per cent, more than doubling its current 30 per cent stake.
Elsewhere, all eyes remain on the US with President Donald Trump poised to impose sweeping new reciprocal tariffs on its trading partners tomorrow morning.
Also in focus – how the Land Transport Authority (LTA) issued a street-hail service operator licence to Singaporean ride-hail and delivery company Grab, and what this could mean for the country’s taxi industry.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with James Cheo, Chief Investment Officer, Southeast Asia and India at HSBC Global Private Banking and Wealth.
