Bulls And Bears

STI dips on trade war fears, currencies woes

It fares better than regional peers which also end lower as sentiment dampens

Fears that the trade war between China and the United States is escalating hit investor confidence yesterday that was already under siege from the performance of emerging market currencies.

Mr Hussein Sayed, chief market strategist at FXTM, said: "Trump may take the trade war to an unprecedented level if he (imposes) tariffs on US$200 billion (S$274 billion) worth of Chinese goods. This may come as soon as the public-comment period ends on Thursday."

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A version of this article appeared in the print edition of The Straits Times on September 04, 2018, with the headline 'STI dips on trade war fears, currencies woes '. Print Edition | Subscribe