Singapore’s STI down 0.1% post Trump’s Apple tariff threats; most Asia markets rise

Singapore shares were down at Monday’s open as most regional markets were trading higher, after US President Donald Trump on Friday (May 23) threatened tariffs on Apple.

As at 9.01 am, the Straits Times Index (STI) had slid 0.1 per cent or 4.02 points to 3,878.40. Across the broader market, gainers outnumbered losers 59 to 39 after 31.4 million securities worth S$34.6 million changed hands.

Oceanus was the most actively traded counter by volume. It was trading flat at S$0.005, with 9.2 million securities transacted. Other actively traded counters included Thai Beverage which was down by 2.2 per cent or S$0.01 at S$0.455 and ground handler Sats which was trading up 1 per cent or S$0.03 at S$3.01.

The trio of local banks were mixed at open. DBS was down 0.2 per cent per cent or S$0.07 at S$44.39 as OCBC fell 0.9 per cent or S$0.14 to S$16.15. UOB rose 0.4 per cent or S$0.14 to S$35.46.

Across the region, major indices were mixed at Monday’s open. Japan’s Nikkei 225 Index advanced 0.7 per cent or 251.93 points to 37,412.40, Korea’s Kospi Index rose 0.8 per cent or 19.65 points to 2,611.74 and Malaysia’s FTSE Bursa Malaysia KLCI climbed 0.1 per cent or 0.93 points to 1,536.31. Australia’s S&P/ ASX 200 fell 0.1 per cent or 6.9 points to 8,354.00.

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