, Singapore

Daily Markets Briefing: STI down 1.1%

Selling pressure likely to pick up today.

OCBC Investment Research:

The significant pull-back on Wall Street overnight could dampen local sentiments further this morning.

Following the unexpected 1.1% loss and bearish break of the 3120 support by the STI yesterday, we could potentially see selling pressure picking up today.

This could send the index further south to the 3070 immediate resistance-turned-support (also long term uptrend support) for a test next.

Below that, the next base lies at the 3030 key trough. On the upside, 3120 is now the newly established support-turned-resistance.  

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.