Daily Markets Briefing: STI down 1.57%

Expect muted gains today.

According to OCBC, although the STI ended off early lows to close 1.6% lower, the muted showing on Wall Street overnight could continue to keep local sentiment pretty cautious; the Nikkei is closed for a national holiday today.

Here’s more from OCBC:

As before, as long as the STI fails to convincingly regain the key 2600 level, the market is likely to continue to drift lower towards 2521 in the near term; but we peg the much stronger support at 2424.

While we are not ruling out any potential technical rebound along the way, investors may continue to use these bounces to unwind stale longs.

Above 2600, we peg the next resistance at 2650 ahead of the strong 2700 hurdle.

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