Singapore stock market has been slipping but may stop losing streak, boosted by global markets

From Nasdaq: 2025-01-21 19:00:16

The Singapore stock market has slipped over the past two sessions, with the Straits Times Index hovering below the 3,800-point mark. Global markets are positive, following European and U.S. markets, amid renewed optimism about interest rates. On Tuesday, the STI closed lower due to losses in financial shares and properties. The Dow, NASDAQ, and S&P 500 all finished higher on Wall Street. U.S. stocks were boosted by optimism about potential interest rate cuts and a drop in treasury yields. Oil prices fell on Tuesday due to Trump’s plans to increase oil and gas production in the U.S.



Read more at Nasdaq: Singapore Stock Market Likely To Halt Losing Streak