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Singapore shares dive a day after US unleashes tariffs
The Straits Times
|April 05, 2025
STI falls 3%; losers pip winners 378 to 105 in wider market • DBS is index's worst performer, dropping 4.9% to $43.30 • Region's bourses in the red, with Nikkei 225 down 2.8%
Local investors dodged a bullet on the day the Trump tariffs were announced but it was a different story on April 4 when a sea of red engulfed the market.
The fear that has gripped global bourses over the past 48 hours hit home with a vengeance and sent the Straits Times Index (STI) tumbling 3 per cent or 116.37 points to 3,825.86 and down 3.7 per cent for the week.
No surprise that losers belted gainers 378 to 105 on trade of 1.4 billion securities worth $2.9 billion.
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