Asian Market Updates

Renewed Selling Pressure Likely For Singapore Stock Market

The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had gained almost 60 points or 1.9 percent. The Straits Times Index now rests just above the 3,230-point plateau although it's expected to head south again on Monday.

The global forecast for the Asian markets is soft on pessimism over the outlook for interest rates following a stronger than expected jobs report from the United States. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion.

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by RTTNews Staff Writer

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