Market news for August 26, 2025: Trump orders removal of a Fed governor over mortgage fraud allegations; Asian stocks down after Trump Fed firing, tariff threats; Singapore manufacturing output climbs 7.1% in July, outstripping estimates; Employment claims in Singapore rise with higher job losses, firms facing financial difficulties.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written and hosted by: Emily Liu (emilyliu@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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S2E367: Trump fires Fed official, Singapore manufacturing surprises