The Singapore stock market is poised to erase the losses from Tuesday, when the Straits Times Index (STI) dropped 23.50 points, or 0.65%, closing at 3,575.69. The decline, which snapped a two-day winning streak, was driven by weakness in financial shares, property stocks, and industrial issues.

Key performers included CapitaLand Investment, which fell 0.98%, and City Developments, which tumbled 1.84%. Meanwhile, Thai Beverage plunged 2.80%, and Yangzijiang Financial experienced a significant 5.75% decline. However, some counters, such as Singapore Technologies Engineering and SingTel, recorded slight gains.

Global markets offer a mixed outlook, with US bourses closing higher, while European markets were down. The technology sector is expected to lend support to the Asian markets, including Singapore, with potential gains in the next session.

The STI had fluctuated between 3,572.71 and 3,605.41 during Tuesday's trading, reflecting the broader global market's volatility.

RTTNews