The Singapore stock market on Wednesday snapped the two-day winning streak in which it had gathered almost 50 points or 1.6 percent. The Straits Times Index now sits just above the 3,160-point plateau and it may extend its losses on Thursday.
The global forecast for the Asian markets is soft on concerns over the outlook for interest rates, especially among the tech shares. 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
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.