Market View: Singapore dollar surges 5.3% - What’s fueling the Singapore dollar’s rally?

The STI opened at 3,856 this morning but slipped slightly to 3,841 by 9:28am, a 0.1% dip, despite the ruling party's win in GE2025. Local stocks saw positive movements, with DBS and OCBC showing gains. On the global front, markets are reacting to President Trump’s comments about potentially lowering tariffs on China, which could signal a shift in trade relations. The Singapore dollar surged by 5.3% against the US dollar, reaching its strongest level since September 2024. On Market View, Alexandra Parada speaks to David Kuo, Co-founder, The Smart Investor, to discuss more key market movements.See omnystudio.com/listener for privacy information.