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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