, Singapore

Daily Markets Briefing: STI down 0.9%

Expect more losses today.

According to OCBC, fresh weakness on Wall Street overnight could continue to weigh on local sentiment; the Nikkei has tumbled 2.5% in early trade.

Here's more from OCBC:

With the convincing breach of the key 2600, the STI is likely to resume its slide towards 2521 or even 2500; while we may still see some technical rebounds along the way, the market may continue to adopt a “selling into strength” approach. 

As before, a much firmer support is likely to be found around 2424.

On the upside, we peg 2600 as the initial resistance ahead of the key 2650 level.

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!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education