Asian Market Updates

Singapore Shares Likely To Remain Rangebound

Ahead of Monday's holiday for Eid-al-Adha, the Singapore stock market had turned lower again - one day after ending the four-day slide in which it had slumped almost 25 points or 0.7 percent. The Straits Time Index now rests just shy of the 3,300-point plateau, although it's expected to open in the green again on Tuesday.

The global forecast for the Asian markets is generally positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

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by RTTNews Staff Writer

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