Singapore Composite Stocks Expected To Open Negative Friday, Feb 13

The Singapore Composite Index is tipped to open in the red on Friday, February 13, following a volatile session on the Straits Times Exchange. Weakness in local banking and real estate sectors, along with continued pressure from higher U.S. Treasury yields and a firmer dollar, are expected to weigh on sentiment. The index closed the previous session at 4,123.55, down 0.36%, while the Hang Seng and Nikkei 225 were also mixed in Asia. Trading volume is expected to remain moderate as the market awaits further policy signals from the Monetary Authority of Singapore (MAS).