Morning Wrap | Singapore to Form Task Force to Aid Businesses Affected by Tariffs
Good morning mooers! Here are things you need to know about today's Singapore markets:
- Singapore shares opened lower on Wednesday
- All Major Stock Indexes Fall After U.S. Announces 104% Tariffs on China
- Singapore to Form Task Force to Aid Businesses Affected by Tariffs
- Stocks to watch: U11, U96 and etc.
- Latest share buy back transactions
Market Snapshot
Singapore shares opened lower on Wednesday:
Today's Volume / Value: 125.49M / S$246.00M
Advancers / Decliners: 42 / 196
US
All Major Stock Indexes Fall After U.S. Announces 104% Tariffs on China
Major stock indexes closed lower after a White House spokesman confirmed that the U.S. will raise tariffs on Chinese imports to 104%, Reuters reported.
The $Nasdaq Composite Index (.IXIC.US)$ shed 335.35 points (2.2%) to a 15,267.91 close, while the $S&P 500 Index (.SPX.US)$ lost 79.48 ticks (1.6%) to 4,982.77 and the $Dow Jones Industrial Average (.DJI.US)$ gave back 320.01 (0.8%) to 37,645.59.
Breaking News
Trump Schedules Tariff Talks but Plans 104% Hit on China
President Trump is insisting on 104 percent tariffs on many Chinese goods, even as he negotiates with U.S. allies just before the tariffs are fully implemented. This has reduced optimism about preventing a severe trade war.
Singapore to Form Task Force to Aid Businesses Affected by Tariffs
Prime Minister Lawrence Wong announced on Tuesday (Apr 8). Singapore will create a national task force to support businesses and workers affected by new US tariffs, which could harm economic growth and jobs. Tariffs are likely to slow down global growth soon, reducing external demand for Singapore's key export sectors like manufacturing and wholesale trade.
Stocks to Watch
$UOB (U11.SG)$ is increasing its investment in its Vietnam subsidiary by adding two trillion dong (S$104 million), raising the subsidiary's total charter capital to 10 trillion dong.
Sembcorp Green Hydrogen India, a subsidiary of $Sembcorp Ind (U96.SG)$, has formed a joint venture with Bharat Petroleum, an Indian state-owned oil and gas firm.
$Grab Holdings (GRAB.US)$ launched the AI Merchant Assistant and AI Driver Companion at its GrabX event to boost productivity and decision-making for merchants and drivers in Southeast Asia through real-time intelligent support.
In March, $SGX (S68.SG)$ saw a 25 percent year-on-year increase in total securities market turnover to S$29.7 billion, while the total market volume decreased by 23 percent to 26.8 billion shares.
Share Buy Back Transactions
Source: Business Times, SGinvestors.io, Business Review
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102958783 : committee, task force… none of the reports in the many many rounds of “remaking” Singapore has built any resilience. the most recent one was 2 years ago and we need a new task force today? gov.sg/news/rel...
ᗦ↞◃ 102958783 :
TrumpMax 102958783 : Saying something nice, forming a task force.
TrumpMax : Vietnam picked up the phone to Uncle Trump. A no brainer. No task force needed.
ᗦ↞◃ 102958783 : Someone borrows money and expects you to pay it back for them.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Share AI : both do not want to start the talk first. so sudden both will start buying the other party good.
China people will 忍
America will go crazy. msy press the nuclear button