Business

Shares in sportswear brands Nike, Adidas and Puma slide after tariffs hit Vietnam

Shares in Nike, Adidas and Puma dropped sharply on Thursday after U.S. President Donald Trump imposed a raft of new tariffs, including on Vietnam, Indonesia, and China, key sourcing markets for the sportswear companies.

Economy

Trump's tariffs stoke global trade war as China, EU hit back

WASHINGTON/BEIJING/BRUSSELS: President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.

Commodities

Gold scales record peak as Trump tariffs fuel safe-haven scramble

Jittery investors flocked to safe-haven assets on Thursday and pushed gold to a record high after U.S. President Donald Trump unleashed more aggressive-than-expected import tariffs, kicking into higher gear an already heated global trade war.

Economy

Southeast Asia nations, hit particularly hard by US tariffs, prep for talks with Trump

HANOI/BANGKOK: Vietnam's government said on Thursday it would set up a task force and other Southeast Asian nations said they plan to seek talks with Washington as they reel from being hit with some of U.S. President Donald Trump's heftiest tariffs.

Business

China’s handbag brands make waves in premium market

CHINA's domestic handbag brands are making a significant impact in the premium market. Despite many unit prices exceeding 1,000 yuan ($138) — and some even soaring beyond 10,000 yuan — interest among consumers remains robust.

Markets

Stocks slump as trade war stirs recession fear

SINGAPORE: Stocks dived on Thursday and investors scrambled for the safety of bonds, gold and the yen, fearing new U.S. tariffs have intensified a trade war threatening to tip the world into recession.

Forex

Singapore’s foreign exchange and money markets are functioning normally, central bank says

SINGAPORE: The Monetary Authority of Singapore said on Thursday that Singapore's foreign exchange and money markets continue to function normally.

Markets

Bursa Malaysia remains in the red at midday as US tariffs affect markets

KUALA LUMPUR: Bursa Malaysia ended the morning trading session in the red, pressured by ongoing selling, in line with regional trends, following the announcement by US President Donald Trump that Malaysia would face a 24% tariff rate.

Commodities

Oil, copper slide as Trump tariffs rattle markets; gold hits record high

SINGAPORE: Commodities including oil, copper and agricultural products dropped on Thursday as U.S. President Donald Trump's aggressive tariffs on key trading partners fuelled fears of recession, while safe-heaven gold jumped to an all-time high.

Economy

Malaysia rules out retaliatory tariffs, explores measures to mitigate export impact

KUALA LUMPUR: The Ministry of Investment, Trade & Industry (MITI) takes the recent 10% tariff hike and reciprocal tariffs imposed by the United States on Malaysian exports seriously and is actively engaging with US authorities to seek solutions that uphold the spirit of free and fair trade.

Economy

Trump tariffs draw global promises of counter measures

GOVERNMENTS around the world pledged counter measures on the U.S. after President Donald Trump unveiled on Wednesday a new baseline 10% tariff on goods from all countries plus reciprocal tariffs on those that his administration says have high barriers to U.S. imports.

Insight

Trump’s tariffs on Asean: Nothing to dread, everything to fear

KUALA LUMPUR: On April 2, 2025, President Donald Trump announced a series of tariffs targeting several ASEAN nations, significantly raising import duties on key regional trade partners. 

Forex

Dollar slips as investors seek safe havens after US tariffs

SINGAPORE: The dollar slid broadly on Thursday and the euro firmed after President Donald Trump announced more aggressive-than-expected tariffs against U.S. trading partners, jolting the markets as investors sought safe havens such as the yen and Swiss franc.

Stock on the Move

Glove counters active as tariff shifts boost outlook for Malaysian players

KUALA LUMPUR: Glove counters were among the most active on Bursa Malaysia in early trade on Thursday, buoyed by a positive outlook for Malaysian players amid tariff shifts in the global market.

Economy

How do tariffs work? Who pays, who collects and more

US President Donald Trump has defied decades of economic convention by imposing punitive tariffs on goods from some of the country's most important trading partners.

Markets

Bursa Malaysia slips on Trump's tariff shock

KUALA LUMPUR: Bursa Malaysia opened lower, with losers outpacing gainers nearly three to one, as sentiment weakened after U.S. President Donald Trump announced sweeping tariffs on all imports, escalating the global trade war.

Forex

Ringgit opens lower as US dollar gains after Trump’s tariff move

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the greenback strengthened after US President Donald Trump announced global reciprocal tariffs.

Markets

Trading ideas: T7 Global, OCK, Gas Malaysia

KUALA LUMPUR: Stocks that may attract trading interest today following their latest corporate developments include T7 Global Bhd, OCK Group Bhd and Gas Malaysia Bhd.

Business

Markets slump as Trump unveils steeper-than-expected tariffs

SINGAPORE: Stocks dived, bonds surged, the dollar rose and Asia's markets were set to slide on Thursday as U.S. President Donald Trump announced a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.

Economy

US imposes 24% reciprocal tariff on Malaysia

KUALA LUMPUR: The United States has imposed a 24% tariff on Malaysia as part of President Donald Trump's sweeping wave of trade measures.