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2025-04-29

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Singapore Shares Plunge as Confusions Persist Over US-China Trade Talks; iFast Plunges 12%

Singapore shares fell in the red zone on Monday as both China and the US offered conflicting statements over trade negotiations between the two states.The Straits Times Index (STI), a key benchmark fo

Singapore Shares Plunge as Confusions Persist Over US-China Trade Talks; iFast Plunges 12%

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It ended the session at 3,811.80, down 11.98 points or 0.31% compared to Friday&#39;s close.</p><p>In company news, shares of iFast (SGX:AIY) crashed nearly 12% even though the company&#39;s profit attributable to owners jumped 31% during the first quarter of the year to SG$19.0 million from SG$14.5 million a year earlier.</p><p>TOTM Technologies (SGX:42F) closed 6% higher as the company and Teneo Communications entered into a memorandum of understanding to establish a technological partnership to scale AI and big data analytics.</p><p>Meanwhile, shares of Olam (SGX:VC2) were down over 1% as its wholly owned subsidiary, olam food ingredients (ofi), secured a term loan facility of around $350 million.</p><p>Furthermore, Aster Chemicals and Energy, which now operates the Bukom refining complex, is likely to bid for Exxon Mobil&#39;s petrol stations in Singapore, according to an exclusive report by the Reuters on Friday.</p><p>STI fell 0.3%; Yangzijiang Shipbuilding rose 2.3%; ST Engineering rose 1.7%; iFAST fell 12%; UOB fell 3.7%; Keppel fell 2.6%; Nio fell 1.2%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a90b786dd3372a161bcd903a3950cfc5\" tg-width=\"353\" tg-height=\"701\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Plunge as Confusions Persist Over US-China Trade Talks; iFast Plunges 12%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares Plunge as Confusions Persist Over US-China Trade Talks; iFast Plunges 12%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-04-28 17:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Singapore shares fell in the red zone on Monday as both China and the US offered conflicting statements over trade negotiations between the two states.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,797.17 and 3,821.68 throughout the day. It ended the session at 3,811.80, down 11.98 points or 0.31% compared to Friday&#39;s close.</p><p>In company news, shares of iFast (SGX:AIY) crashed nearly 12% even though the company&#39;s profit attributable to owners jumped 31% during the first quarter of the year to SG$19.0 million from SG$14.5 million a year earlier.</p><p>TOTM Technologies (SGX:42F) closed 6% higher as the company and Teneo Communications entered into a memorandum of understanding to establish a technological partnership to scale AI and big data analytics.</p><p>Meanwhile, shares of Olam (SGX:VC2) were down over 1% as its wholly owned subsidiary, olam food ingredients (ofi), secured a term loan facility of around $350 million.</p><p>Furthermore, Aster Chemicals and Energy, which now operates the Bukom refining complex, is likely to bid for Exxon Mobil&#39;s petrol stations in Singapore, according to an exclusive report by the Reuters on Friday.</p><p>STI fell 0.3%; Yangzijiang Shipbuilding rose 2.3%; ST Engineering rose 1.7%; iFAST fell 12%; UOB fell 3.7%; Keppel fell 2.6%; Nio fell 1.2%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a90b786dd3372a161bcd903a3950cfc5\" tg-width=\"353\" tg-height=\"701\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VC2.SI":"Olam Group","BK6025":"食品分销商","42F.SI":"图腾科技有限公司","AIY.SI":"奕丰集团","BK6035":"综合电信业务","BK6052":"资产管理与托管银行","BK6513":"电信服务股","BK6503":"金融科技概念"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2530223454","content_text":"Singapore shares fell in the red zone on Monday as both China and the US offered conflicting statements over trade negotiations between the two states.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,797.17 and 3,821.68 throughout the day. 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