The Singapore stock market rebounded on Thursday, with the Straits Times Index closing above 4,480 points. Financial, property, and industrial stocks led the gains. The global forecast is negative, with technology and oil shares expected to decline. On Wall Street, major averages ended lower, with concerns about an AI bubble and increased layoff announcements contributing to the negative sentiment. Crude oil prices fell due to oversupply concerns, with U.S. crude oil inventories higher than expected. The Dow fell 398.70 points, the NASDAQ plunged 445.80 points, and the S&P 500 sank 75.97 points.

Read more at Nasdaq.: Renewed Selling Pressure Expected For Singapore Bourse