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Asian Market Updates

Oversold Singapore Bourse Tipped To Open Lower

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Singapore stock market has finished lower in six straight sessions, sliding more than 220 points or 7 percent along the way. The Straits Times Index now rests just beneath the 3,050-point plateau and it's expected to open under pressure again on Friday.

The global forecast for the Asian markets continues to be weak, thanks to concerns over global growth and interest rates - while tumbling crude oil prices add to the soft sentiment. The European and U.S. markets were firmly lower and the Asian bourses are expected to follow suit.

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