Until tariff uncertainties stabilise, DBS says it is key for investors to discern which are the sectors less hurt by the tariffs.
Singapore, with its 10% base rate, is relatively less hurt by the US tariffs but DBS points out that many local listed companies will still be hurt by other regional exposure to supply chains.
"The harsher-than-expected US tariffs on all trading partners, coupled with China’s retaliatory 34% tariff on US imports, have escalated the tariff war and severely undermined market confidence," adds DBS, as it lowers its year-end target for the Straits Times Index to 3,855 points from 4,080 points.
