AEM Holdings (AWX.SI) saw its stock price plummet by 15.32% in pre-market trading on Monday, as the Singapore stock market reeled from the impact of sweeping tariffs announced by U.S. President Trump. The semiconductor equipment manufacturer's sharp decline comes as part of a broader market sell-off, with the Straits Times Index (STI) falling approximately 10% over the past two trading sessions.

The steep drop in AEM's stock price can be attributed to growing concerns over the potential impact of tariffs on the semiconductor industry. While semiconductors were initially spared from the announced tariffs, analysts believe the sector could be subject to another round of tariffs on specific products. This uncertainty has led investors to sell off stocks in companies heavily exposed to global trade, with AEM being particularly vulnerable due to its reliance on international markets and supply chains.

As the situation continues to evolve, investors are closely monitoring how companies like AEM will respond to these new trade challenges. The unpredictability of future trade policies and the potential for retaliatory measures from other countries have created a climate of uncertainty in the market. For AEM and other semiconductor firms, the coming weeks will be crucial as they assess the impact of these tariffs on their operations and develop strategies to mitigate potential disruptions to their business models.