Singapore Stock Market May Extend Tuesday's Losses

(RTTNews) - The Singapore stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 20 points or 0.6 percent. The Straits Times Index now rests just beneath the 3,250-point plateau and it may take further damage on Wednesday. The global forecast for the Asian markets remains soft on concerns over an economic slowdown and the outlook for interest rates. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion. The STI finished modestly lower on Tuesday following losses from the properties and industrials, while the financials came in mixed. For the day, the index slipped 16.36 points or 0.50 percent to finish at 3,246.