STI down 0.6% amid Asia declines, as Wall Street suffers selloff on Trump tariff threats
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Singapore's Straits Times Index (STI) fell 0.6% to 4,800.73 amid declines in Asian markets, following significant selloffs on Wall Street due to US President Trump's tariff threats. The STI saw 61 million shares traded, with losers outnumbering gainers 116 to 41. Major Asian indices also declined, with Japan's Nikkei 225 down 0.7% and Korea's Kospi Index down 0.3%. The S&P 500 dropped 2.1%, the Nasdaq fell 2.4%, and the Dow Jones decreased by 1.8%. Local banks DBS, OCBC, and UOB also experienced losses.
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