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Singapore shares rise, lifted by tariff reprieve for US carmakers
The Straits Times
|March 07, 2025
• STI up 0.5%; Sats is top gainer while three local banks all rise • Winners outnumber losers 304 to 210 in broader market • Major regional indexes also gain, led by Hang Seng's 3.3%
The one-month tariff exemption for US automakers announced by President Donald Trump gave markets here and across the region a much-needed lift on March 6.
Local investors made the most of what might be a short-lived respite and drove the benchmark Straits Times Index (STI) up 0.5 per cent or 18.66 points to 3,917.06. Gainers easily led losers 304 to 210 after 1.5 billion shares worth $1.5 billion changed hands.
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