Asian Market Updates

Singapore Stock Market Expected To Remain Rangebound

The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had collected more than 30 points or 1 percent. The Straits Times Index now rests just above the 3,180-point plateau although it figures to head south again on Monday.

The global forecast for the Asian markets is soft ahead of this week's FOMC rate decision, while disappointing earnings news may weigh on tech sectors. The European markets were slightly higher and the U.S. bourses were down and the Asian markets figure to follow the latter lead.

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by RTTNews Staff Writer

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