Global markets soft due to tariff concerns, oil stocks to weaken after OPEC+ production increase

From Nasdaq: 2025-06-01 20:03:00

The Singapore stock market ended a three-day winning streak, with the Straits Times Index falling just below 3,900 points. Global markets are soft due to tariff concerns, and oil stocks are expected to weaken after OPEC+ announced a production increase. The STI finished lower on Friday, with mixed performances from financial, property, and industrial sectors. Wall Street saw a mild recovery after early selling pressure, with the Dow rising slightly. U.S. consumer prices inched up in April, and crude oil prices suffered a weekly loss of over 1% amid uncertainty over global growth and fuel demand.



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