, Singapore

Daily Markets Briefing: STI down 1.4%

Subsequent base lies at the 3000 mark.

OCBC Investment Research said:

The muted reactions on Wall Street overnight and the weak Nikkei start (down 0.2% now) could dent local sentiments further this morning.

Following nearly six sessions of gains, the STI initiated a sharp pullback with a 1.4% loss yesterday.

This could potentially set the stage for a further correction back in the direction of the 3060 immediate support (key trough).

Below that, the subsequent base lies at the 3000 key psychological support. On the upside, the immediate key resistance is now pegged 3200 psychological resistance, followed by the 3230 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.