Singapore Bourse Likely To Remain Rangebound

From Nasdaq: 2025-05-22 20:02:00

The Singapore stock market ended Thursday slightly lower, with the STI closing at 3,880.09 after trading in a narrow range. Global markets are negative due to U.S. deficit concerns and treasury yields. Wall Street closed mixed as traders watched treasury yields closely. The tax cut bill passed the House, raising fears of wider deficits. Crude oil prices fell on reports of increased OPEC production. Singapore will release April consumer price data today. Overall inflation was down 0.1% month-on-month and up 0.9% year-on-year, with core CPI rising 0.5% annually.



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