Singapore stock market ends losing streak, STI rises 0.87% with positive global forecasts for Asian markets.

From Nasdaq: 2024-12-23 19:03:51

The Singapore stock market ended a four-day losing streak, with the Straits Times Index finishing just above 3,750 points. Global forecast for Asian markets is positive, led by technology stocks. The STI rose 0.87% on Monday, driven by gains in financial, property, and industrial sectors. In the US, major averages closed higher, with the NASDAQ up 0.98%. Economic news included a drop in durable goods orders and a decrease in consumer confidence. Oil prices fell due to supply concerns and a stronger dollar. West Texas Intermediate Crude oil settled at $69.20 a barrel.



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