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08 May 2025
Singapore stocks retreat as investors keep eye on tariff negotiations; STI dips 0.4%
Summary: Singapore stocks experienced a modest decline, with the Straits Times Index falling 0.4% to 3,848.22. Investors remained cautious, awaiting news of the trade deal between Britain and the US, and the impact of tariffs on the US economy. Despite the decline, local banks showed mixed performance, with DBS and UOB rising, while OCBC fell.