From Nasdaq: 2025-02-09 19:01:14

The Singapore stock market has seen gains in the past two sessions, with the Straits Times Index reaching above 3,860 points. However, it may face challenges on Monday due to negative global market forecasts related to inflation and tariffs.

On Friday, the STI closed higher at 3,861.42 points, driven by gains in financials and trusts. CapitaLand Investment, DBS Group, and Singapore Technologies Engineering were among the active stocks. Meanwhile, U.S. markets experienced losses, with the Dow, NASDAQ, and S&P 500 all finishing lower.

The downward trend was influenced by a drop in consumer sentiment and President Trump’s announcement of reciprocal tariffs. Mixed U.S. jobs data and rising oil prices due to new sanctions on Iran also impacted the market.



Read more at Nasdaq: Singapore Stock Market Tipped To Open To The Downside On Monday