Singapore stock market closed lower, facing further declines, impacted by global negative markets.

From Nasdaq: 2025-01-12 18:59:32

The Singapore stock market closed lower for the second consecutive session, losing over 85 points or 2.2 percent. The Straits Times Index ended just above 3,800 points and may face further declines on Monday. Global markets are negative after strong U.S. employment data impacted interest rate outlooks. The STI fell sharply on Friday, dragged down by financial, property, and industrial stocks. Major U.S. indices also plunged, with the Dow dropping 696.75 points. Oil prices surged after the U.S. imposed new sanctions on Russian oil exports. West Texas Intermediate Crude closed at $76.57 a barrel.



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