, Singapore

Daily Markets Briefing: STI down 0.3%

Expect another pullback today.

According to OCBC, the retreat by the US indices overnight is likely to spook the local bourse to a negative start this morning.

Here's more from OCBC:

After a 0.3% pull-back and a likely bearish reversal just below the 3310 support-turned-resistance yesterday, the STI is now poised to correct further towards the 3270 recent trough.

Beyond the 3270 immediate support, we peg the next support at the 3230 key trough.

On the upside, we still see the next hurdle at the 3350 various peaks. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!