Soft Start Anticipated For Singapore Stock Market

On Friday, the Singapore Stock Exchange ended a three-day winning streak in which it had risen nearly 50 points or 1.6 percent. The Straits Times Index is now just above the 3,215 plateau and losses may accelerate on Monday.

The global forecast for Asian countries. markets It's mixed, with strength in tech stocks offset by weakness in oil companies. The European and US markets were mixed and Asian stocks are likely to follow suit.

The STI closed slightly lower on Friday following losses from trusts, gains from industrials and a mixed outlook for financial stocks.

During the day, the index fell 2.40 points or 0.07 percent to end at 3,217.97 after trading between 3,205.27 and 3,223.12.

Among assets, CapitaLand Integrated Commercial Trust lost 0.51 percent, while CapitaLand Investment fell 0.36 percent, Comfort DelGro fell 0.72 percent, DBS Group raised 0.48 percent, Emperador rose 2.30 percent, Genting Singapore lost 0.56 percent, Keppel DC REIT added 0.59 percent, Keppel Ltd rose 0.27 percent, Mapletree Pan Asia Commercial Trust fell 1.55 percent , Mapletree Industrial Trust fell 0.86 percent, Mapletree Logistics Trust sank 0.68 percent, Oversea-Chinese Banking Corporation fell 0.29 percent, SATS slid 0.79 percent, Seatrium Limited retreated 1.25 percent, Singapore Technologies Engineering gained 0.50 percent, Thai Beverage declined 1.01 percent, Wilmar International plummeted 2.59 percent, Yangzijiang Financial rallied 1.56 percent, Yangzijiang Shipbuilding jumped 1.64 per cent and City Developments, Frasers Centrepoint Trust, SembCorp Industries, SingTel and Hongkong Land were unchanged.

Wall Street's lead offers little clarity as the major averages opened flat on Friday but quickly diverged, with the Dow and S&P 500 ending underwater and the Nasdaq closing slightly in green.

The Dow Jones fell 305.50 points or 0.77 percent to finish at 39,475.90, while the Nasdaq added 27.02 points or 0.16 percent to close at 16,428.82 and the S&P 500 fell 7.35. points or 0.14 percent to end at 5,234.18. For the week, the Nasdaq rose 2.9 percent, the S&P 500 rose 2.3 percent and the Dow Jones jumped 2.0 percent.

Profit-taking contributed to modest weakness in early trading, and some traders sought to capitalize on the markets' recent strength. Selling pressure was relatively muted, however, as traders remained optimistic about the outlook for interest rates following the Federal Reserve's monetary policy announcement last week.

While the timing of the first rate remains somewhat uncertain, the chances of a quarter-point cut in June have recovered to 66.5 percent, according to the CME Group's FedWatch tool.

Nvidia (NVDA) led the tech-heavy NASDAQ, with the chipmaker rising 3.1 percent. The AI ​​darling, which has recently been a key driver of trading on Wall Street, ended the day with a record close.

Oil prices fell on Friday, while the dollar rose sharply as the Federal Reserve kept interest rates higher for now. West Texas Intermediate crude oil futures for May ended down $0.44 at $80.63 a barrel.

Closer to home, Singapore will provide February data on consumer prices later today; In January, headline inflation fell 0.7 percent month-on-month and 2.9 percent year-on-year.

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