The Singapore stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen more than 20 points or 0.7 percent. The Straits Times Index now sits just beneath the 3,130-point plateau although it figures to turn lower again on Friday.
The global forecast for the Asian markets is mixed to lower, with profit taking - especially among technology stocks - fueling a downward correction after sharp gains a day earlier. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.