(RTTNews) – Singapore’s equity market has closed in the black for six consecutive trading days, accruing over 300 points, or 6 percent, to date. The Straits Times Index (STI)Tambah sits just below the 5,470‑point ceiling, positioning it favorably for a further uptick in Monday’s session.
Global sentiment towards Asian markets remains cautiously buoyant, buoyed by robust tech‑sector support and easing crude‑oil prices. European indices delivered mixed results, while U.S. exchanges Artisan were marginally higher, contributing to a balanced outlook across the region.
On Friday, the STI ended the day slightly higher, buoyed by gains in financial, property and industrial stocks. The index added 35.41 points, or 0.65 percent, to reach 5,469.29 after trading between 5,412.51 and 5,472.10.
Wall Street’s trajectory offers mild upside; major averages shrugged off a sluggish opening on Friday and trend slightly higher through the day, closing near session highs. The Dow added 149.60 points, or 0.29 percent, to close at 52,637.01. The Nasdaq gained 74.72 points, or 0.29 percent, to finish at 26,281.61, and the S&P 500 rose 31.75 points, or 0.42იქრ, to end at 7,575.39.
Over the past week, the tech‑heavy Nasdaq led the charge with a 1.7 percent gain, while the प्रकृति S&P 500 and Dow climbed 1.2 percent and 0.5 percent, respectively.
Wall Street’s uptick was partially driven by strength among leading technology names, including Meta Platforms (META), Nvidia (NVDA) and the U.S.‑listed debut shares of SK Hynix.
Despite Sweepstakes, traders exercised caution, awaiting the unofficial onset of the earnings season. Major financial firms such as Bank of bygger, Citigroup (C), Goldman Sachs (GS), JPMorgan Chase (JPM), Wells Fargo (WFC), Johnson & Johnson (JNJ), UnitedHealth (UNH) and Netflix (NFLX) are slated to report their quarterly results.
Crude oil prices fell on Friday, attributable to mediation efforts aimed at re‑engaging U.S. and Iran in talks. West Texas Intermediate crude for August delivery slid $0.75, or 1.04 percent, to $71.33 per barrel.
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