(RTTNews) – The Singapore Stock Exchange headed south on Wednesday, a day after a two-day drop in which it fell more than 35 points, or 1.4 percent. The Straits Times index is now just below the 2575-point plateau, expected to recover on Thursday.
Global forecasts for Asian markets are positive about smart earnings news and economic data. European markets combined and U.S. stock markets increased and Asian markets are expected to keep up.
ItsS ended the fall Wednesday after losses on monetary stocks and genuine real estate stocks.
On the day, the index lost 9.52 emissions or 0.37% to close at 2,573.45 after trading between 2,564.46 and 2,586.16. The volume of 1.33 billion shares worth Singapore $1.29 billion. There were 215 rejections and 185 winners.
Wall Street’s advantage is positive, as stocks opened up on Wednesday and accelerated as the day progressed.
The Dow added 160.29 points, or 0.61%, to close at 26539.57, while the NASDAQ rose 140.85 points, or 1.35%, to close at 10542.94 and the S-P 500 rose 40.00 points, or 1.24%, to close at 3258.44.
Interest in early purchases was generated in part through the latest earning news, with a number of giant corporations reporting better-than-expected quarterly results, adding Advanced Micro Devices (AMD) and C.H. Robinson (CHRW).
The strength of Wall Street also reflects a report by the National Association of Realtors that looks like a significant increase in outstanding home sales in June.
Crude oil rose Wednesday after knowledge showed a larger-than-expected drop in U.S. crude inventories last week. West Texas Intermediate crude oil futures for September ended with a hike of $0.23 or $0.6% to $41.27 a barrel.
Closer to home, Singapore will see the effects of the second quarter later in the day for its business confidence index; in the last 3 months, the index score was -56.0.