Singapore Shares Close Week on a High as US Supreme Court Tariffs Ruling Nears

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Singapore Shares Close Week on a High as US Supreme Court Tariffs Ruling Nears

MT Newswires01-09 18:02

Singapore shares recovered to surge on Friday, tracking regional gains, as investors awaited the outcome of the US Supreme Court's ruling on the tariffs imposed by President, Donald Trump.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,723.08 and 4,750.31 throughout the day. It ended the session at 4,744.66, up 5.59 points or 0.1% compared to Thursday's close.

In corporate news, shares of Tritech (SGX:5G9) surged over 25% at the close as it entered into debt conversion agreements with two lenders for outstanding debts, at a conversion price of SG$0.0130 per share.

Embracing Future (SGX:8YY) was up over 9% as it agreed to acquire stakes in four companies.

Meanwhile, shares of Rex International (SGX:5WH) were up nearly 1% at the close despite reporting a total production of 7,959 barrels of oil equivalent per day (boepd) from Norway, Oman and Germany in December 2025, down from 10,417 boepd in the preceding month.

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