STI steeped in uncertainty due to China's reserve rate hike

OCBC said only a clear break of the 3200 mark on the upside may provide stronger cues to the market as any attempt from Wall Street may still influence trading results.

In a statement, the bank said that while positive cues from the US market on Friday may bolster sentiment in the market at the start of the new week, Singapore also needs to monitor Wall Street’s reaction to China’s reserve rate requirement hike as it may weigh on any attempt to push the local bourse higher for now.

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