Singapore stock market has declined, but global rally expected

From Nasdaq: 2025-01-22 19:00:23

The Singapore stock market has declined for three consecutive sessions, with the Straits Times Index hovering just above 3,780 points. Global markets are expected to rally, led by technology shares. On Wednesday, the STI closed lower due to losses in property stocks, while industrials and financials were mixed. Wall Street closed higher, with the Dow rising 0.30 percent, the NASDAQ surging 1.28 percent, and the S&P 500 adding 0.61 percent. Oil prices fell on concerns of excess supply. Singapore is set to release December consumer price data, with overall inflation expected to rise 1.5 percent year-on-year.



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