Market View: S&P 500 logs biggest daily dip since 2020; Trump’s auto tariffs kicks in – impact on global carmakers; AppLovin submits bid for TikTok assets outside of China; Far East Orchard, BYD HK SD

Singapore equities began in negative territory today, following the slump in all three major Wall Street indices and European shares overnight. The Straits Times Index (STI) fell nearly 1.5 per cent in early trade to 3,882.24 points after 163.3 million securities changed hands in the broader market. In terms of counters to watch today, we have Far East Orchard. The developer announced yesterday that it would be acquiring a purpose-built student accommodation (PBSA) site in Manchester in the UK for £10.9 million (S$19.2 million).  Elsewhere, from a heavy sell-off on Wall Street overnight on US President Donald Trump’s “Liberation Day” announcements, to movements in share prices of global automakers after Trump’s auto tariffs kicked in, more international developments remain in focus.  On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.See omnystudio.com/listener for privacy information.