The Singapore Stock Exchange is preparing to stop its fall

(RTTNews) – Singapore’s stock market ended lower in two consecutive sessions, losing almost 20 points or 0.6 percent during this period. The Straits Times Index now sits just below the 3,740-point plateau, although it is expected for support on Friday.

Global forecasts for Asian markets are optimistic thanks to strong results and support from crude oil. European and American markets finished higher and Asian stock markets are expected to continue this trend.

The STI ended slightly lower on Thursday following losses in real estate and industrial stocks, while the financial sector was mixed.

For the day, the index fell 4.42 points or 0.12 percent to end at 3,739.22 after trading between 3,736.16 and 3,751.25.

Among assets, CapitaLand Integrated Commercial Trust lost 0.52 percent, while CapitaLand Investment fell 1.41 percent, City Developments fell 0.19 percent, DBS Group collected 0.83 percent, Genting Singapore plunged 1.94 percent, Keppel DC REIT fell 1.32 percent, Keppel Ltd fell 1.05 percent, Mapletree Pan Asia Commercial Trust loses 0.81 percent, Mapletree Logistics Trust added 0.80 percent, Oversea-Chinese Banking Corporation fell 0.30 percent, Seatrium Limited skidded 1.04 percent, SembCorp Industries fell 1 .13 percent, Singapore Technologies Engineering advanced 0.88 percent, SingTel fell 2.24 percent, Thai Beverage sank . 0.96 percent, Wilmar International fell 0.97 percent. , Yangzijiang Financial fell 1.23 percent, Yangzijiang Shipbuilding gained 0.75 percent and Hongkong Land, Mapletree Industrial Trust, Emperador, Comfort DelGro, SATS and DFI Retail remained unchanged.

Wall Street’s lead is positive since the main averages opened slightly lower on Thursday, but gradually increased and finished in the green.

The Dow rose 461.88 points or 1.06 percent to end at 43,870.35, while the NASDAQ rose 6.28 points or 0.03 percent to close at 18,972.42 and the S&P 500 advanced 31.60 points or 0.53 percent to finish at 5,948.71.

The Dow’s sharp rise came amid strong gains in IBM Corp. (IBM), Sherwin-Williams (SHW) and Salesforce (CRM).

The NASDAQ showed a lack of direction as traders tracked the performance of AI darling Nvidia (NVDA), which reported better-than-expected third-quarter earnings and revenue – but some traders expressed concerns about the slowdown in revenue growth.

In U.S. economic news, the Labor Department said last week that initial jobless claims unexpectedly fell to their lowest level in more than six months. Additionally, the Conference Board’s leading economic index fell more than expected in October.

Oil prices climbed Thursday as escalating geopolitical tensions due to the ongoing war between Russia and Ukraine offset recent data showing robust supply in the market. West Texas Intermediate crude oil futures for December closed up $1.35 or 1.96 percent at $70.10 a barrel.

Closer to home, Singapore will release third quarter gross domestic product figures later this morning; over the previous three months, GDP grew 4.1 percent year-on-year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.