Market View: Trump sets 10% tariff on lumber imports, higher tariffs on wooden products, proposes 100% duty on films made out of the US; A possible US government shutdown looms – what could be different this time around?; Shares of China’s Zijin Gold Inte

Money Matters with Hongbin Jeong and Chua Tian Tian

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3d ago 15:22

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Singapore shares inched higher today as Asian markets traded mixed.

The Straits Times Index was up 0.45% at 4,289.14 points at 2.24pm Singapore time, with a value turnover of S$874.21M seen in the broader market.

In terms of counters to watch, we have UOB. The bank announced yesterday that its cardholders in Singapore will be able to redeem reward points when travelling in Johor Bahru, Malaysia.

Elsewhere, from how US President Donald Trump signed a proclamation to set a 10 per cent tariff on imports of lumber and 25 per cent on vanities and upholstered wooden products, to how China’s Zijin Gold International saw shares soar as much as 66 per cent in their trading debut as gold prices reach record high – more international headlines remained in focus.

Also on deck – more on a possible US government shutdown.

Plus – how Boeing is reportedly in the early stages of developing a replacement for the 737 MAX.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

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