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Singapore shares reverse falls after Trump's tariff backflip
The Straits Times
|April 11, 2025
• STI up 5.4%, with Jardine Matheson the biggest winner • Gainers overtake losers 474 to 153 across broader market • Regional markets post gains led by Nikkei 225, up 9.1%
Another day, another wild swing in the markets as stocks rebounded spectacularly here and elsewhere on April 10 after a dramatic tariff backflip from the Trump administration.
News that the on-again, off-again tariffs are now in a 90-day holding pattern fired up relieved investors, who sent the Straits Times Index (STI) rocketing 5.4 per cent or 184.14 points to 3,577.83.
Across the broader market, gainers thumped losers 474 to 153 on a bumper trade of 2.1 billion shares worth $3 billion.
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