Market View: Asian markets and SGX down, Taiwan’s Taiex slid over 3% on Trump’s tariffs on China, Canada and Mexico; Taiwan to support firms intending to relocate to the US; Elon Musk’s plans for Department of Government Efficiency; China’s manufacturing

Money Matters with Hongbin Jeong and Chua Tian Tian

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Singapore shares tumbled at the open today as investors mulled over the impact of tariffs imposed by US President Donald Trump over the weekend.

In early trade, the Straits Times Index (STI) slipped 1.5 per cent to 3,800.1 points after 87.7 million securities changed hands in the broader market.

In terms of companies to watch, we have Sembcorp Industries, after the energy and urban development company inked a share purchase agreement with CleanCurrent Renewable Energy in the Philippines to acquire Puente Al Sol.

Elsewhere, from investors’ reactions to US tariffs on goods from China, Canada and Mexico, to billionaire Elon Musk’s plans for the country’s Department of Government Efficiency – more global headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.

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