Singapore stock market ended higher, STI above 3,860 points, global market forecasts murky

From Nasdaq: 2025-02-11 19:01:12

The Singapore stock market ended higher on Tuesday after a three-day losing streak, with the STI finishing just above 3,860 points. Concerns about interest rates and trade wars led to murky global market forecasts, with European markets up and U.S. bourses mixed. On Wall Street, the Dow rose, the NASDAQ fell, and the S&P 500 ended flat. Federal Reserve Chair Jerome Powell testified that the central bank does not need to rush policy adjustments. Oil prices rose due to concerns about U.S. sanctions on Russian oil and a weaker dollar.

Stocks in Singapore saw modest losses, with mixed performances from various sectors including trusts, entertainment, financials, and industrials. Notable movers included CapitaLand Investment, City Developments, Comfort DelGro, DBS Group, and Emperador. The STI fell 0.37% to close at 3,860.76. The choppy trading session on Wall Street was influenced by Powell’s testimony and concerns about a global trade war following President Trump’s tariffs on steel and aluminum. Oil prices rose on Tuesday due to U.S. sanctions on Russian oil and a weaker dollar.



Read more at Nasdaq: Steady Start Eyed For Singapore Stock Market