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STI Down for Third Straight Session as US Tariffs Hit Sentiment
The Straits Times
|February 06, 2025
• Trio of local banks fall; Singtel slides 0.6% to $3.21 • Genting Singapore is worst STI performer, down 2% • Frasers Logistics & Commercial Trust gains 1.1%
Local shares ended in the red for the third straight session after US President Donald Trump announced tariffs on China, a key trading partner of Singapore.
The move left the Straits Times Index (STI) down 0.2 per cent or 7.64 points to 3,815.37 on Feb 5. Across the broader market, gainers trailed losers 247 to 260 after 1.3 billion securities worth $1 billion changed hands.
The banks all fell. DBS slipped 0.2 per cent to $44.32 while UOB dropped the same amount, closing at $37.20. OCBC logged a steeper decline of 0.5 per cent to $17.17.
This story is from the February 06, 2025 edition of The Straits Times.
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