The Singapore stock market closed lower for the second consecutive day, with the Straits Times Index hovering just above 4,540 points. Global markets are down on valuation concerns, particularly in the technology sector, leading to a negative outlook for Asian bourses. On Monday, the STI barely dipped by 0.05 percent, with mixed performances from various sectors. Wall Street also saw a decline, with the Dow, NASDAQ, and S&P 500 all finishing lower. Traders are awaiting Nvidia’s quarterly results and upcoming U.S. economic data, while crude oil prices edged lower on oversupply concerns, trading at $60.01 per barrel.

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