The STI fell 2.3% after Trump enforced tariffs on Chinese goods over intellectual property violations.
Following the news of US president Donald Trump’s US$50b-US$60b tariffs against Chinese goods over intellectual property violations, the MSCI Asia Pacific Index fell 3.3% and Singapore’s STI dropped 2.3% as of early Friday afternoon trading.
In an interview with Singapore Business Review, CMC Markets sales trader Oriano Lizza explained that the concern with the STI is that it isn’t anti-fragile when it comes to a global upheaval. “Quite often, along with the rest of Asia, we will see the index and region hang on the coattails of the US economy and its performance,” he said.
Read more here: https://www.msn.com/en-sg/money/topstories/will-singapore-be-caught-in-the-us-china-trade-dogfight/ar-BBKALYJ?ocid=spartanntp