Singapore Shares Fall, Weighed by Trump's Tariffs Pledge -- Market Talk

Dow Jones17:33

0933 GMT - Singapore's FTSE Straits Times Index shed 0.5% to close at 3712.39, with weighed by U.S. President-elect Donald Trump's pledge to impose tariffs on products from Mexico, Canada and China. The 2025 outlook remains uncertain, with downside risks potentially stemming from further protectionist measures under Trump's 'America First' policy, says Jester Koh, economist at UOB's Global Economics & Markets Research. Among benchmark index's worst performers, Yangzijiang Shipbuilding dropped 3.8%, CapitaLand Investment fell 3.55% and DFI Retail Group declined 1.55%. Meanwhile, Thai Beverage rose 1.9% and Seatrium gained 1.0%. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 26, 2024 04:33 ET (09:33 GMT)

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Among benchmark index's worst performers, Yangzijiang Shipbuilding dropped 3.8%, CapitaLand Investment fell 3.55% and DFI Retail Group declined 1.55%. Meanwhile, Thai Beverage rose 1.9% and Seatrium gained 1.0%. 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