Daily Markets Briefing: STI down 1.1%

Expect muted gains today.

According to OCBC, although Wall Street rebounded from early losses to end mostly flat overnight, we note that the US index futures are slipping back into the red; and with the Nikkei down 0.9% in early trade, this could keep local sentiment wary, especially ahead of the upcoming CNY long weekend.

Here’s more from OCBC:

As expected, the breach of 2600 brought the STI down another 1.1% yesterday, adding to the previous session’s 0.9% drop; while we may get a technical rebound along the way, the index still looks poised to ease further towards 2521 or even 2500 in the near term.

Hence, selling into strength may still be the favoured strategy for now.

On the upside, we peg the initial and key resistance at 2600 (which has proven to be very resilient thus far), ahead of 2650.

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