Daily Markets Briefing: STI down 0.9%

Today’s tone likely to remain downside biased.

OCBC Investment Research said:

With the US indices starting to pull back again overnight, this could spook the local bourse to further losses this morning.

Despite a positive opening yesterday, the STI slipped more than 0.9% subsequently to end the day in the red; this suggests that local investors are still feeling wary about the market in the near term.

And with today’s tone likely to remain downside biased, we could see the index falling further towards the 3130 immediate support.

Below that, the next key base lies at the 3070 resistance-turned-support. On the upside, 3200 psychological level is still the immediate resistance, followed by the subsequent hurdle at the 3270 key peaks.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia