US President Trump announced that he would raise tariffs on steel and aluminum imported from Canada to 50%. The market is worried about his repeated tariff policies. Asia-Pacific stock market rose more and fell less on Wednesday (March 12). Although the Singapore banking sector continued to decline, the Real Estate Investment Trust (REIT) sector rose by more than 2%, boosting the Singapore Straits Times index to rise 0.19% or 7.24 points, closing at 3833.07 points.

Among them, Seoul's stock market rose 1.47%, leading the Asia-Pacific stock market. Secondly, Taiwan rose 0.94%, Shenzhen rose 0.13%, and Tokyo rose 0.07%. Sydney fell 1.24%, leading the decline in Asia-Pacific. Hong Kong fell 0.76%, and Shanghai fell 0.23%.

The total trading volume of the Singapore stock market was 1.47 billion shares and the total trading volume was 1.76 billion yuan. There were 307 rising stocks and 224 falling stocks.

The main constituent stocks of the Sea Index rose, 16 rose, 11 fell, and three remained unchanged.

The largest gain in the overseas index stock was DFI Retail Group (DFIRG), which rose 8.57% to $2.28. Frasers Centrepoint Trust rose 3.76% to 2.21 yuan. Mapletree Logistics Trust rose 3.20% to 1.29 yuan.

Further reading

Local stock markets opened on Wednesday and fell 0.37%

Local stock markets opened on Wednesday and fell 0.37%

Worries about US stocks plummet recession trigger global sell-off at the U.S. dollar

Worries about US stocks plummet recession trigger global sell-off at the U.S. dollar

Singapore Airlines (SIA), which fell 1.63% to RMB 6.65. Seatrium fell 1.43% to 2.07 yuan. Xinxiang Group (SATS) fell 1.31% to $3.02.