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STI slips even as Trump defers tariffs on Canada and Mexico

The Straits Times

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February 05, 2025

• Singapore stocks down 3.46 points to end 0.1% lower • Sats shares fall as the US decides to tax small packages • CapitaLand Investment shares up amid plans for data centre

- Tay Peck Gek and Chong Xin Wei

Singapore blue chips failed to sustain the momentum at market open on Feb 4 with the benchmark index Straits Times Index (STI) down 3.46 points or 0.1 per cent at 3,823.01 at the close.

Across the broader market, gainers trumped decliners 311 to 221, after 1.3 billion securities worth $1.2 billion changed hands.

The STI showing bucked the trend seen in regional bourses after US President Donald Trump delayed the start of tariffs on Mexico and Canada for a month.

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