The Singapore stock market has moved lower in five straight trading days, sinking almost 115 points or 3.8 percent along the way. The Straits Times Index now sits just above the 3,120-point plateau although it may find support on Tuesday. The global forecast for the Asian markets is positive as the markets look to recover from heavy selling following the discovery of a new coronavirus strain. The European and U.S. markets were up and the Asian bourses are tipped to follow suit.
The STI finished sharply lower on Monday following losses from the financial shares, property stocks and industrial issues.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.