STI declines 0.3% as investors take stock of US-China tariff truce

STI declines 0.3% as investors take stock of US-China tariff truce

Across the broader market, gainers beat losers 279 to 229 as 1.1b securities worth $1.3b change hands. Read more at straitstimes.com.

DBS, OCBC and UOB should review dividend policies amid the deteriorating business outlook

It probably will not surprise anyone that DBS, OCBC and UOB ended Tuesday (May 13) significantly higher – with gains of 1.19 per cent, 0.74 per cent and 1.55 per cent, respectively – after the US and China agreed over the long weekend to temporarily slash the crippling tariffs they had slapped on each other.

The tariff reduction agreed by China and the United States came into effect on Wednesday. Image: Pxfuel. Asia-Pacific Stock Exchanges In Asia, the Tokyo Stock Exchange Nikkei index has closed with a fall of 0.14%; while the Hang Seng rose by 2.3%; the Shanghai Stock Exchange by 0.86%; and that of Shenzhen by 0.64%. The tariff reduction agreed by China and the United States came into effect on Wednesday after both powers reached a 90-day temporar…

Beijing and Washington negotiated that China would reduce tariffs on US products from 125% to 10% over the next 90 days.

The large, temporary, tariff reductions that the US and China agreed on have now come into effect.

The tariff reduction agreed by China and the United States came into effect this Wednesday after both powers reached a 90-day temporary pact during the negotiations they held last weekend in Geneva.