STI recovers as Trump de-escalates Greenland tariff threats

Markets breathed a sigh of relief as President Trump ruled out military force and tariff threats over the Danish territory.

Singapore’s stocks recovered on Thursday morning after US President Donald Trump signaled a de-escalation of tensions, backing away from threats to impose new tariffs on European allies over the status of Greenland.

At 2:15 p.m., the Straits Times Index settled at 4,829.34, increasing 0.4%, with around 1.31 billion shares worth $1.12b changing hands. Across the broader market, advancers outpaced decliners 318 to 231.

The market opened the day at 4,840.23, then fell to 4,822.44 at around 10:30 a.m. The index slowly climbed and went flat at the 4,833-level.

Trump walked back from threats to impose fresh tariffs as leverage to seize Greenland. He ruled out the use of force and suggested a deal was in sight to end a dispute over the Danish territory, a Reuters report said.

Other Asian markets reflected the improved performance, with the Shanghai Composite Index inching up 0.09% to 4,120.73, South Korea’s Kospi increased 0.86% to 4,951.94, and Japan’s Nikkei 225 increased 1.73% to 53,688.89. Meanwhile, Hong Kong’s Hang Seng Index was down 0.12% to 26,551.88.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia