After an aggressive statement made by US president Donald Trump on trade affairs and the Democrats moving towards launching formal impeachment against Mr. Trump, the Singapore shares tracked Wall Street losses last night and opened lower on Wednesday, 25 September. The Straits Times Index lost 0.6% and is down to 3136.57 as of this morning.
On the Singapore Market, the decliners outnumbered the advancers 68 to 32, wherein 31.9 million shares worth S$46.5 million changed hands.
Companies that were impacted:
- Rex International Holding down 2.3% to 8.4 cents (1.9 mil shares traded)
- Delfi was flat at $1.15 (1.8 mil shares traded)
- DBS fell 0.7% to $24.86
- UOB down 0.4% to $25.45
- OCBC bank dropped 0.9% to S$10.81
As mentioned in the article released by The Business Times, The benchmark S&P 500 slipped 0.8%, its steepest decline in a month, while the tech-heavy Nasdaq Composite slipped 1.5%, and the Dow Jones Industrial Average dropped 0.5%.