The Singapore stock market ended lower on Friday, with the Straits Times Index just below 4,350 points. Global markets are soft due to geopolitical concerns in the Middle East. STI closed down 0.27 percent at 4,344.24, with losses in financials and telecoms offset by property and industrial gains. Key stocks like CapitaLand Ascendas REIT and City Developments saw movements. Wall Street closed mixed, with the Dow down and the NASDAQ up. Traders are awaiting the Federal Reserve’s monetary policy announcement next week. Crude oil prices rose due to geopolitical tensions. Singapore will release Q2 unemployment data, expected to rise to 2.1 percent.
Read more at Nasdaq MarketSite: Singapore Stock Market Tipped To Open In The Red
