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Singapore Stock Market May See Support
@Michelle Ong：
Straits Times Index -0.97% The Singapore stock market has finished lower in five straight sessions, sinking more than 120 points or 4 percent along the way. The Straits Times Index now rests just beneath the 3,110-point plateau although it may find traction on Wednesday. The global forecast is cautious ahead of the U.S. interest rate decision later today. The European markets were down and the U.S. bourses were mixed and little changed, and the oversold Asian markets figure to see little movement ahead of the rate decision. The STI finished modestly lower on Tuesday following losses from the financial shares and property stocks, while the industrials were mixed. For the day, the index dropped 30.46 points or 0.97 percent to finish at 3,108.89 after trading between 3,104.39 and 3,125.37. Volume was 1.66 billion shares worth 1.34 billion Singapore dollars. There were 312 decliners and 201 gainers.
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