Daily Markets Briefing: STI down 0.2%

Don't expect a rebound today.

According to OCBC, the continued correction on Wall Street overnight is likely to weigh further on local sentiments this morning.

Here's more from OCBC:

This could spook the STI to a another decline today in the direction of the 3390 immediate support.

Should the 3390 region be breached, we could see the index falling towards the subsequent base at the 3300 psychological level.

On the upside, 3460 remains the key immediate obstacle, followed by the next hurdle at the 3500 psychological level.

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