Morning Wrap | Singapore Industrial Production Falls Below Forecasts; Trump Sets 25% Tariff on Foreign Autos
Good morning mooers! Here are things you need to know about today's Singapore markets:
- Singapore shares opened higher on Thursday
- Wall Street Indexes Fall on Tariff Uncertainty
- Singapore IP Falls Below Forecasts on Weak Electronics Output
- Stocks to watch: S63, SK6U and etc.
- Latest share buy back transactions
Market Snapshot
Singapore shares opened higher on Thursday:
Today's Volume / Value: 25.80M / S$47.57M
Advancers / Decliners: 44 / 53
US
Wall Street Indexes Fall on Tariff Uncertainty
Wall Street indexes dropped due to tariff uncertainty. President Donald Trump said Wednesday that he would place 25% tariffs on all cars made outside of the United States.
The $Nasdaq Composite Index (.IXIC.US)$ dropped 2.04% to 17,899.01, the $S&P 500 Index (.SPX.US)$ fell 1.12% to 5,712.2, and the $Dow Jones Industrial Average (.DJI.US)$ dipped 0.31% to 42,454.79.
Breaking News
Singapore IP Falls Below Forecasts on Weak Electronics Output
In February 2025, Singapore's industrial production fell by 1.3% YoY and 7.5% MoM (seasonally adjusted), driven by declines in electronics and biomedical sectors. This has raised concerns about a potential slowdown in the country's manufacturing recovery.
Stocks to Watch
$Grab Holdings (GRAB.US)$ discussed raising up to $2 billion in loans to support its potential acquisition of Indonesian rival GoTo Group.
$ST Engineering (S63.SG)$'s subsidiary– ST Engineering Mission Software & Services –and the Home Team Science and Technology Agency formed a joint venture called Codex Solutions in Singapore, with an initial capital of S$10 million.
$PARAGONREIT (SK6U.SG)$ is holding an extraordinary general meeting on April 22 to vote on a proposed privatization via a trust scheme of arrangement. Upon approval, unitholders will get S$0.98 per unit from Times Properties.
$UMS (558.SG)$ received approval for a secondary listing on Bursa Malaysia's main market on Wednesday.
Share Buy Back Transactions
Source: Business Times, SGinvestors.io, Business Review
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