Singapore shares likely to extend Friday's losses due to negative global forecast and US jobs report uncertainty.
Singapore shares are expected to extend Friday's losses, as the Straits Times Index sits at 3,330-point plateau, following a negative global forecast due to US jobs report uncertainty about interest rate outlook. On Friday, the STI finished marginally lower after mixed performances from financial, property and industrial sectors. The Asian markets are also predicted to follow suit with modest losses.
June 10, 2024
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