Singapore Shares Crash as US-China Trading War Looms Large; Singtel Drops 3%

MT Newswires02-03 17:51

Singapore's stock market crashed on Monday as investors anticipate the looming threat of tariffs imposed by US president Donald Trump, triggering a potential US-China trade war.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,797.83 and 3,850.85 throughout the day. It ended the session at 3,826.47, down 29.35 points, or 0.8% compared to Tuesday's close.

In company news, shares of iWOW Technology Limited were up nearly 6% after the company was awarded a contract for the design, supply, installation, commissioning, operation and maintenance of the WAAS front-end system, from a Statutory Board potentially worth more than SG$50 million.

SEMBCORP INDUSTRIES LTD was down over 1% after it signed a share purchase agreement with CleanCurrentRenewable Energy to acquire 100% shares in Puente Al Sol for SG$105 million.

Meanwhile, shares of SATS LTD. were down over 1% at the close after it acquired the remaining 15% stake in SATS Food Solutions Thailand from Bangkok Ranch (BKK:BR) for around 85.5 million Thai baht.

SGX rose 1%; CSC fell 9%, Singtel fell 3.3%, Nio fell 3.2%, Sembcorp fell 1.4%, OCBC fell 1%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Quantum Leap
02-03 19:57
Quantum Leap
WTH only -0.8% you said is a crash ? OMG make me happy for 5 secs ....
LC SIA
02-03 19:11
LC SIA
Totally agree, the word Crash mislead a lot of people. That was also my first reaction when I read the headlines.
manta76
02-03 18:28
manta76
Who the heck writes these headlines ? Wat SG shares crash ? Wats yr definition of shares crash

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It ended the session at 3,826.47, down 29.35 points, or 0.8% compared to Tuesday&#39;s close.</p><p>In company news, shares of  <a href=\"https://laohu8.com/S/NXR.SI\">iWOW Technology Limited</a>  were up nearly 6% after the company was awarded a contract for the design, supply, installation, commissioning, operation and maintenance of the WAAS front-end system, from a Statutory Board potentially worth more than SG$50 million.</p><p> <a href=\"https://laohu8.com/S/U96.SI\">SEMBCORP INDUSTRIES LTD</a>  was down over 1% after it signed a share purchase agreement with CleanCurrentRenewable Energy to acquire 100% shares in Puente Al Sol for SG$105 million.</p><p>Meanwhile, shares of  <a href=\"https://laohu8.com/S/S58.SI\">SATS LTD.</a>  were down over 1% at the close after it acquired the remaining 15% stake in SATS Food Solutions Thailand from Bangkok Ranch (BKK:BR) for around 85.5 million Thai baht.</p><p>SGX rose 1%; CSC fell 9%, Singtel fell 3.3%, Nio fell 3.2%, Sembcorp fell 1.4%, OCBC fell 1%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/513a6b47e04b7adf9c737baeaa36c7ea\" tg-width=\"378\" tg-height=\"690\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2508118727","content_text":"Singapore's stock market crashed on Monday as investors anticipate the looming threat of tariffs imposed by US president Donald Trump, triggering a potential US-China trade war.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,797.83 and 3,850.85 throughout the day. It ended the session at 3,826.47, down 29.35 points, or 0.8% compared to Tuesday's close.In company news, shares of  iWOW Technology Limited  were up nearly 6% after the company was awarded a contract for the design, supply, installation, commissioning, operation and maintenance of the WAAS front-end system, from a Statutory Board potentially worth more than SG$50 million. SEMBCORP INDUSTRIES LTD  was down over 1% after it signed a share purchase agreement with CleanCurrentRenewable Energy to acquire 100% shares in Puente Al Sol for SG$105 million.Meanwhile, shares of  SATS LTD.  were down over 1% at the close after it acquired the remaining 15% stake in SATS Food Solutions Thailand from Bangkok Ranch (BKK:BR) for around 85.5 million Thai baht.SGX rose 1%; CSC fell 9%, Singtel fell 3.3%, Nio fell 3.2%, Sembcorp fell 1.4%, OCBC fell 1%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":399588199289256,"gmtCreate":1738581092016,"gmtModify":1738581498427,"author":{"id":"4169821999418252","authorId":"4169821999418252","name":"LC SIA","avatar":"https://community-static.tradeup.com/news/ecfc581a4da01e1d6b5f305422bfab60","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4169821999418252","authorIdStr":"4169821999418252"},"htmlText":"Totally agree, the word Crash mislead a lot of people. That was also my first reaction when I read the headlines.","listText":"Totally agree, the word Crash mislead a lot of people. That was also my first reaction when I read the headlines.","text":"Totally agree, the word Crash mislead a lot of people. That was also my first reaction when I read the headlines.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/399588199289256","repostId":2508118727,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":399578936447120,"gmtCreate":1738578492033,"gmtModify":1738578497121,"author":{"id":"4101186286262950","authorId":"4101186286262950","name":"manta76","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4101186286262950","authorIdStr":"4101186286262950"},"htmlText":"Who the heck writes these headlines ? Wat SG shares &nbsp;crash ? Wats yr definition of shares crash&nbsp;","listText":"Who the heck writes these headlines ? Wat SG shares &nbsp;crash ? Wats yr definition of shares crash&nbsp;","text":"Who the heck writes these headlines ? Wat SG shares crash ? Wats yr definition of shares crash","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/399578936447120","repostId":2508118727,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":3,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2508118727"}