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Singapore stocks retreat ahead of US-UK trade deal
The Straits Times
|May 09, 2025
• Losers beat gainers 262 to 226 on trade of 1.1 billion securities • Mapletree Logistics Trust leads STI losers; local banks mixed • Decline here out of step with Wall Street overnight
Local investors kept their powder dry on May 8 as global markets awaited news of the trade deal between Britain and the US.
Nerves were also steadied by the much-anticipated decision by Federal Reserve chairman Jerome Powell to rule out a pre-emptive rate cut to blunt the impact of tariffs on the US economy.
The upshot was a modest retreat in the Straits Times Index, which fell 0.4 per cent, or 17.15 points, to 3,848.22. Across the broader market, losers outnumbered gainers 262 to 226 on trade of 1.1 billion securities worth $1.5 billion.
Cette histoire est tirée de l'édition May 09, 2025 de The Straits Times.
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