Ahead of Thursday's Labor Day holiday, the Singapore stock market had ended the four-day losing streak in which it had slumped more than 25 points or 0.7 percent. The Straits Times Index now sits just above the 3,830-point plateau and it's likely to open to the upside again on Friday.
The global forecast for the Asian markets is upbeat, with support expected from the oil and technology companies in particular. The European and U.S. markets were up and the Asian markets are expected to follow that lead.
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