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<\/p>\nSingapore stocks hit another record highStock Chart IconStock chart icon<\/p>\n
Singapore equities performance since the start of the year<\/p>\n
Singapore’s benchmark Straits Times Index scaled to another new high Thursday, notching its fourth straight day of gains.<\/p>\n
The country’s equities climbed 0.47% to hit a fresh record of 4,077.41 points Thursday as of 11.24 a.m., data from LSEG showed.<\/p>\n
\u2014Lee Ying Shan<\/p>\n
Trump says 50% tariff on copper will begin Aug. 1<\/p>\n
U.S. President Donald Trump said Wednesday that the 50% tariff on copper imports, which he had\u00a0announced the previous day<\/a>, will take effect on Aug. 1.<\/p>\n The decision was made after he received a national security assessment, Trump said in\u00a0a post on Truth Social<\/a>.<\/p>\n “I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” Trump wrote.<\/p>\n “Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even, Hypersonic Weapons, of which we are building many. Copper is the second most used material by the Department of Defense.”<\/p>\n Read the full story here<\/a>.<\/p>\n \u2014 Victor Loh<\/p>\n Bank of Korea expectedly keeps rates steady at an almost three-year low<\/p>\n South Korea’s central bank held its policy rate at 2.5%, keeping it steady at an almost three-year low.<\/p>\n South Korea’s economy contracted by 0.2% quarter on quarter in the first three months of this year due to weak construction activity and softening export growth, while it remained flat on an year on year basis.<\/p>\n Read the full story here<\/a>.<\/p>\n \u2014 Lim Hui Jie<\/p>\n Asia-Pacific stock markets open mixed<\/p>\n Asia-Pacific stock markets kicked off the trading day mixed.<\/p>\n Japan’s benchmark\u00a0Nikkei 225<\/a> slipped 0.45% at the open, while the Topix lost 0.54%. South Korea’s Kospi climbed 0.24% and the small-cap Kosdaq rose 0.44%.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a> was 0.51% higher.<\/p>\n \u2014Lee Ying Shan<\/p>\n Opening calls from sunny Singapore<\/p>\n Good morning from Singapore! Asia-Pacific markets are set to open mixed.<\/p>\n Japan’s benchmark\u00a0Nikkei 225<\/a>\u00a0was set to open higher, with the futures contract in Chicago at 39,925 while its counterpart in Osaka last traded at 39,910 against the index’s Tuesday close of 39,821.28.<\/p>\n Futures for Hong Kong’s\u00a0Hang Seng index<\/a>\u00a0stood at 23,863 pointing to a slightly weaker open compared to the HSI’s last close of 23,892.32.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0was also set to start the day slightly higher with futures tied to the benchmark at 8,571, compared to its last close of 8,538.6.<\/p>\n \u2014 Lee Ying Shan<\/p>\n Stock futures open little changed<\/p>\n U.S. stock futures were relatively unchanged on Wednesday evening.<\/p>\n S&P 500 futures hovered around the flatline just after 6 p.m. ET, as did Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were likewise flat.<\/p>\n \u2014 Sean Conlon<\/p>\n Nasdaq Composite notches new all-time closing high<\/p>\n The Nasdaq Composite<\/a> closed at an all-time record high on Wednesday afternoon.<\/p>\n The tech-heavy index rose 0.94%, ending at 20,611.34. The S&P 500<\/a> added 0.61%, finishing at 6,263.26. The Dow Jones Industrial Average<\/a> gained 217.54 points, or 0.49%, and settled at 44,458.30.<\/p>\n \u2014 Lisa Kailai Han<\/p>\n","protected":false},"excerpt":{"rendered":"Singapore stocks hit another record highStock Chart IconStock chart icon Singapore equities performance since the start of the…\n","protected":false},"author":3,"featured_media":53361,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[133,64,81,69,135,67,132,68],"class_list":{"0":"post-53360","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-breaking-news-markets","9":"tag-business","10":"tag-business-news","11":"tag-donald-trump","12":"tag-markets","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114827408386283837","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/53360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=53360"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/53360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/53361"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=53360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=53360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=53360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}