The Singapore stock market is expected to open lower on Tuesday, following back-to-back declines that have dragged the Straits Times Index (STI) below the 3,900-point level. The losses may deepen as global markets remain under pressure due to recession fears and concerns over economic growth.

The STI closed 15.41 points or 0.39% lower on Monday at its daily low of 3,899.07 after reaching an intraday high of 3,922.66. Financial, property, and industrial stocks led the losses.

Among the actively traded stocks, City Developments declined 1.19%, Singapore Technologies Engineering fell 1.14%, and SingTel tumbled 1.75%. Meanwhile, Frasers Logistics & Commercial Trust surged 1.79%, Seatrium Limited gained 1.43%, and UOL Group rose 1.38%.

The negative sentiment in Singapore follows a sharp sell-off on Wall Street, where major indices extended losses throughout Monday's session. The Dow Jones Industrial Average plunged 890.01 points or 2.08% to 41,911.71, the NASDAQ tumbled 727.90 points or 4.00% to 17,468.32, and the S&P 500 dropped 155.64 points or 2.70% to 5,614.56.

Investor sentiment weakened as concerns over economic growth and corporate earnings intensified. Uncertainty escalated after US President Donald Trump declined to rule out a potential recession following his tariff measures on Mexico, Canada, and China.

With key economic data on consumer and producer price inflation expected later in the week, markets are likely to remain cautious.