Across the broader market, gainers beat losers 279 to 229, as 1.1 billion securities worth $1.3 billion change hands. Read more at straitstimes.com. Read more at straitstimes.com.

President Donald Trump's plan for tariffs on imports has guided the stock market's direction over the past few weeks. The initial plan, with double-digit tariffs for countries around the world, shook the market, even pushing the Nasdaq Composite ( ^IXIC 1.61%) to fall into a bear market.

WASHINGTON: Global stock markets surged on Monday (May 12) after the US and China agreed to slash steep tariffs for at least 90 days, tapping the brakes on a trade war between the world's two biggest economies that had fed fears of a global recession.