The real estate and financial sectors lead the gains as the Shanghai Composite Index breaks through 4,100 points to set a new high

Despite the escalating trade situation, both the S&P 500 Index and the MSCI Index reached new highs this month. Analysts warn the market not to let its guard down, but investors seem to still bet that Trump may "turn back" as he did in the past. King Wan announced after the market closed on Monday that it secured multiple mechanical and electrical (M&E) engineering contracts totaling HKD 28.3 million during the period from April to June this year. The Singapore stock market recorded a total trading volume of 1.46 billion shares and a total turnover of HKD 1.41 billion; 315 stocks rose, while 191 stocks fell. Tiger International's Singapore market strategist Huang Jiaran stated in an interview with Lianhe Zaobao that the rise in the sea index was mainly driven by gains in the real estate and financial sectors. This contract also brings the company's total order value to HKD 2 billion to date, with revenue visibility extending to 2029. Further Reading In individual stock news, Shengjie announced on Monday the establishment of a real estate investment trust (Centurion Accommodation REIT) and plans to push for a listing on the main board of the Singapore Stock Exchange. Annex Wealth Management's chief economist Jacobsen pointed out that investors should not expect Trump's threat of a 30% tariff on EU goods to be anything more than bluster. BRC Asia closed at HKD 3.33, unchanged. Other major markets in the Asia-Pacific region showed mixed performance. Seoul led the Asia-Pacific stock markets with a rise of 0.83%; Shanghai and Hong Kong rose by 0.27% and 0.26%, respectively, while Shenzhen rose by 0.15%. Taiwan fell by 0.60%, and Tokyo and Sydney fell by 0.28% and 0.06%, respectively. This includes sanitary, plumbing, and gas installation works for the proposed apartment project on Ngee Ann Avenue; design, supply, and installation works for the air conditioning and mechanical ventilation system for the proposed food factory project on Jalan Kayu; and installation of drainage, sanitary equipment systems, and rainwater downpipes for landed residential projects such as Luxus Hill Heights. The trust will focus on investing in a portfolio of purpose-built worker accommodation (PBWA) and purpose-built student accommodation (PBSA) assets globally, with a total valuation of HKD 2.116 billion. Among the 30 components of the sea index, 23 rose, four remained unchanged, and three fell. He stated that despite the U.S. announcing a 30% tariff on EU and Mexican goods, the market reacted little to this news. Singaporean investors are more focused on the upcoming corporate earnings reports and future interest rate cut expectations Despite Tensions, S&P 500 and MSCI Indices Continue to Reach New Highs Analysts believe that the overall sentiment among Singapore investors remains stable, and the market is currently not reacting much to tariff news. However, some economists warn not to expect Trump's tariff threats to be mere bluster. Seng Choon Enterprises fell 0.57% on Monday, closing at SGD 1.75. The General Administration of Customs of China released trade data for the first half of the year on Monday, showing that goods trade imports and exports grew by 2.9% year-on-year in the first six months. King Wan Enterprises fell 2.56% on Monday, closing at SGD 0.038. Phillip Securities research investment analyst Hu Yuxuan stated in an interview that investors will focus on a series of upcoming economic data from China this week. Additionally, the U.S. Consumer Price Index (CPI) is another important data point, which investors will use to assess the extent of the new round of tariff measures' impact on inflation. Both the mainland and Hong Kong stock markets rose on Monday. Huang Jiaren noted that China's announced import and export data was better than expected, which may provide some support for the Shanghai and Shenzhen indices. Building materials supplier BRC Asia announced after the market closed on Monday that the company has secured a nearly SGD 570 million rebar contract for the underground structure project of Changi Airport's Terminal 5 (T5). U.S. President Trump announced over the weekend a 30% tariff on the EU and Mexico, leading to a slight overall decline of 0.1% in Asian stock markets on Monday (July 14). The Straits Times Index in Singapore continued its upward trend from last week, reaching a new high, breaking through 4100 points, and rising 21.40 points or 0.52% for the day, closing at 4109.21 points. He stated that this level of tariffs is punitive and could cause greater harm to the EU, "the countdown has begun."