Most Asia shares fall on trade war jitters; Singapore stocks hit record high

Quick Summary:

EMERGING markets were jittery on Monday on rising global trade tensions, with equities in three export-reliant Southeast Asian countries dropping sharply, while stocks in Singapore hit a record high led by top lender DBS following an upbeat outlook.

Reuters reported that the country's legacy chip industry is contemplating its future as Chinese foundries like Nexchip eat in to the crucial $56.3 billion industry.

Shares in export-focused economies in Southeast Asia, including the Philippines, Malaysia and Indonesia, fell.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndiaIndonesiaJapanPhilippinesSingaporeTaiwanUnited States

Topics: Markets Tariffs Trade war Asia DBS Export /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-10 @ 15:19:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © The Star

News ID: 26018763

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