Trump-Xi Meeting Fails to Boost Singapore Stocks; STI Drops 0.2%

The meeting between former U.S. President Donald Trump and Chinese President Xi Jinping on May 14 did not provide the anticipated boost to Singapore stocks, with the Straits Times Index (STI) declining by 0.2%. The lack of positive outcomes from the meeting reflects a diminished risk appetite among investors, particularly in the context of ongoing geopolitical tensions and economic uncertainties. Singaporean equities, sensitive to developments in U.S.-China relations, are most exposed as they rely heavily on trade flows and investor sentiment linked to these two major economies. Traders will be closely watching upcoming economic data releases, particularly U.S. inflation figures, which could further influence market dynamics and risk sentiment.

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