The Singapore stock market has been on a five-session losing streak, dropping almost 120 points or 2.9 percent. Concerns over the economic conflict between the U.S. and China are affecting global markets. The STI closed lower on Tuesday due to losses in financial, property, and industrial sectors. The index finished at 4,354.52 points, down 0.80 percent. Wall Street had a mixed day with the Dow rising but the NASDAQ and S&P 500 falling. President Trump’s trade comments added pressure to the markets. Crude oil prices also dropped due to renewed U.S.-China trade tensions and low demand forecasts.

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