Singapore shares have been rising but expected to struggle due to global tariff concerns

From Nasdaq.: 2025-03-26 20:03:00

The Singapore stock market has been rising, gaining almost 40 points in three straight sessions. The Straits Time Index is now just above 3,960 points, but is expected to struggle due to global tariff concerns, especially in the technology sector.

On Wednesday, the STI closed slightly higher, led by gains in financial shares, trusts, and property stocks. The index rose 0.23 percent to finish at 3,963.71. However, the global market trend is soft following losses in European and U.S. markets.

In the U.S., major averages trended lower on Wednesday, with the NASDAQ dropping over 2 percent due to uncertainty around President Trump’s tariff plans. New orders for U.S. durable goods unexpectedly increased in February. Oil prices rose on supply concerns and efforts to limit Venezuelan and Iranian oil exports.



Read more at Nasdaq.: Win Streak Expected To End For Singapore Shares