Singapore Shares Decline Further as Donald Trump Signs Executive Offer to Impose Tariffs

MT Newswires08-01

Singapore shares continued their downward trajectory on Friday, tracking regional losses as US President, Donald Trump, signed an executive order to impose reciprocal tariffs on US imports.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,151.44 and 4,195.01 throughout the day. It ended the session at 4,153.83, down 19.94 points or 0.48% compared to Thursday's close.

In company news, shares of Frasers Logistics & Commercial Trust (SGX:BUOU) were down over 2% at the close as the trust booked an occupancy rate in the fiscal third quarter ended June 30 of 92.5%.

Del Monte Pacific (SGX:D03) was down over 3% as it booked an attributable profit of $5.7 million during fiscal Q4 from an attributable loss of $7.0 million a year earlier.

Meanwhile, shares of Jardine Matheson (SGX:J36) were up nearly 3%, with the company booking an attributable profit of $528 million in the first half of 2025, rebounding from an attributable loss of $40 million a year earlier.

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