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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