(RTTNews) – Singapore’s inventory market has alternated between positive and negative endings over the more than 4 business days since the end of the three-day drop in which about 35 emissions or 1.2% had fallen. The Straits Times index is now just below the 2580-point plateau and the promo tension may continue on Monday.
Global forecasts for Asian markets are weak in the face of emerging tensions between the United States and China. European and US markets fell and Asian stock markets are expected to open in the same way.
His STI ended with a sharp fall friday after losses on monetary stocks, real estate stocks and business problems.
During the day, the index recoiled 32.84 emissions or 1.26% to end in 2579.51 after trading between 2572.93 and 2603.83. The volume of 1.20 billion shares values Singapore $1.31 billion. There were 336 rejections and 132 winners.
Wall Street’s advantage was weak as stocks opened down Friday and remained firmly in red numbers during the session.
The Dow Jones lost 182.41 points, or 0.68%, to close at 26469.89, while the NASDAQ lost 98.22 points, or 0.94%, to close in 10363.18 and the S-P 500 dropped 20.03 points, or 0.62%, to close at 3,215.63. During the week, the Dow Jones fell 0.8%, the NASDAQ by 1.3% and the S-P by 0.3%.
The weakness on Wall Street also came amid considerations of emerging tensions between the United States and China after Beijing revoked the license to identify and operate the U.S. Consulate General in Chengdu.
The move comes just days after the U.S. government ordered China to close its consulate in Houston, Texas, amid accusations that Chinese diplomats helped economic espionage and attempted clinical investigation theft.
Crude oil costs rose on Friday, as stronger-than-expected economic knowledge of Europe and the United States helped ease considerations about the outlook for energy demand. West Texas Intermediate crude oil futures for September ended with a hike of $0.22, or $0.5 percent, to $41.29 a barrel.