(RTTNews) – Singapore’s inventory market ended with a decline in two consecutive sessions, falling a little over 7 issues or 0. 3% during that period. The Straits Times index is now just below the 2500-point plateau and is another fancy start on Monday.
Global forecasts for Asian markets are weak and continued tensions on technological stocks are expected, along with considerations of economic recovery. European and US markets fell on Friday and Asian markets are expected to follow this path.
ItsS ended with friday’s decline as asset losses were offset by gains in monetary and commercial stocks.
During the day, the index plummeted 3. 07 emissions or 0. 12% to 2497. 71 after trading between 2492. 76 and 2506. 92. There were 202 winners and 202 declinants.
Wall Street’s advantage was negative, as stocks first showed a lack of direction on Friday, but fell heavily under pressure as the day progressed, prolonging recent losses.
The Dow Jones trading average fell 244. 58 points, or 0. 88%, to close at 2. 7657. 42, while the NASDAQ skidded 117. 02 points, or 1. 07%, to finish in 10793. 28 and the S
Wall Street’s weakness due to a continued drop in generation stocks, with generation giant Apple (AAPL) recording a significant drop. Large generation corporations such as Google Parent Alphabet (GOOGL), Amazon (AMZN) and Microsoft (MSFT) also recorded significant losses.
Traders also expressed fear about the economic outlook following the Federal Reserve’s latest financial policy announcement and economic assessment. With less than two months to go until the election, it seems unlikely lawmakers will approve any other stimulus bills to help the economy from the coronavirus pandemic.
Crude oil futures stabilized higher on Friday as costs rose following a sharp drop in US crude inventories and OPEC’s resolve to push for further compliance with production cuts. barrel.