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Singapore shares edge up as US-China trade tensions ease
The Straits Times
|June 13, 2025
Jardine Matheson up 1.9%; losers beat gainers 252 to 236 Local banks end lower: DBS by 0.4%, UOB and OCBC by 0.1% Lacklustre day for US stocks; regional indexes mixed
Signs of a truce in the tense tariff stand-off between the US and China gave local shares a welcome nudge north on June 12.
While far from a ringing endorsement of an apparent trade deal, hopeful local investors still managed to push the benchmark Straits Times Index (STI) up 0.1 per cent or 3.15 points to 3,922.2. Losers pipped gainers 252 to 236 on trade of 1.3 billion securities worth $1.2 billion in the broader market.
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