Market View: China’s tariffs on US farm goods take effect; Hong Kong and Chinese markets react to tariffs and falling Chinese consumer prices; US February Nonfarm payrolls, labour market outlook in li

Singapore stocks were lower as all eyes remained on escalating trade tensions in the region.  That’s after Beijing’s retaliatory tariffs on certain US farm goods took effect today.  The Straits Times Index was down 0.17% at 3,908.01 points at 12.20pm, with a value turnover of S$526.29M in the broader market.  In terms of companies to watch, we have Hongkong Land, after the property developer on Friday posted an underlying profit of US$410 million for the financial year ended Dec 31, 2024, down 44 per cent from the level seen a year ago.  Elsewhere, from how Asian markets reacted to China’s retaliatory tariffs on US farm goods, to oil prices declining on the back of concerns over US import tariffs – more international 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.See omnystudio.com/listener for privacy information.