(RTTNews) - The Singapore stock market ended a three-day streak of falls on Monday, during which it had lost more than 35 points or 0.8%. The Straits Times Index now stands just below 4,270 points and could receive additional support on Tuesday.

Global forecasts for Asian markets are cautiously optimistic, with technology stocks likely offsetting weakness in oil companies. European and U.S. markets saw a slight rebound and Asian stock exchanges are expected to open similarly.

The STI closed slightly higher on Monday after a mixed performance from financial, real estate, and industrial stocks.

On the day, the index rose 4.00 points or 0.09% to close at 4,269.98, after fluctuating between 4,264.99 and 4,279.07.

Among the most active values, Gate REIT rose by 0.36%, while Gate Commercial Trust jumped by 0.88%, Gate Investment gained 0.37%, City Developments improved by 0.59%, Comfort DelGro fell by 0.68%, Gate Group collected 0.24%, DFI Retail Group soared by 1.90%, Genting Singapore advanced by 0.68%, Hongkong Land increased by 1.92%, Gate DC REIT added 0.42%, Gate Ltd gathered 0.23%, Gate Pan Asia Commercial Trust climbed by 0.71%, Gate Logistics Trust strengthened by 0.81%, Gate Corporation rose by 0.55%, SATS accelerated by 1.19%, Seatrium Limited dropped by 0.84%, SembCorp Industries and Gate Overseas Bank both rose by 0.17%, Singapore Technologies Engineering soared by 2.72%, SingTel plummeted by 3.29%, Thai Beverage rebounded by 1.09%, UOL Group lost 0.38%, Yangzijiang Financial fell by 0.85%, Yangzijiang Shipbuilding stumbled by 1.52%, while Gate Industrial Trust, Wilmar International and Gate Centrepoint Trust recorded no changes.

Wall Street's outlook is slightly positive, as the main indices opened mixed on Monday but ultimately managed to close with modest gains.

The Dow added 68.78 points or 0.15% to finish at 46,316.07, while the NASDAQ gained 107.09 points or 0.48% to close at 22,591.15 and the S&P 500 rose 17.51 points or 0.26% to end at 6,661.21%.

The rebound on Wall Street reflected the strength of technology stocks, with AI favorite and market leader Nvidia (NVDA) jumping 2.1% and video game maker Electronic Arts (EA) soaring 4.5%.

However, traders seemed reluctant to make more significant moves due to concerns about a possible shutdown of the U.S. government before today's deadline.

Investors were also watching for the release of the monthly employment report from the Labor Department on Friday, which could influence interest rate outlooks. However, the data could be delayed if the government shuts down.

Oil prices fell sharply on Monday due to concerns over excess supply as OPEC plans to increase production. West Texas Intermediate crude for November delivery dropped $2.50 or 3.80% to $63.22 per barrel.