Markets Insights

STI may lack impetus amid trade war worries

Bags of soya beans being loaded at Nantong port in China. Global trade war fears over the US-China spat show little signs of abating.
Bags of soya beans being loaded at Nantong port in China. Global trade war fears over the US-China spat show little signs of abating.PHOTO: AGENCE FRANCE-PRESSE

While impact of US tariffs, China retaliation will be modest, they do matter: Analysts

As the Singapore bourse returns from a holiday weekend, global trade war fears that have spooked trading sentiment show little signs of abating as the United States-China spat flares up again - this time with Beijing vowing to retaliate.

The trade tension between the world's two largest economies and the US Federal Reserve's hawkish stance last week at its monetary policy meeting were the final notes on a rough week. The key Straits Times Index slipped to a two-month low on Thursday. The benchmark STI is in negative territory by 1.4 per cent for the year.

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A version of this article appeared in the print edition of The Straits Times on June 18, 2018, with the headline 'STI may lack impetus amid trade war worries '. Print Edition | Subscribe