Daily Markets Briefing: STI down 0.5%

Signs of breaking down are evident.

According to OCBC, the mixed reactions on Wall Street overnight are unlikely to have much of an effect on the local bourse this morning.

Here's more from OCBC:

Meanwhile, the STI has started to show signs of breaking down, after falling some 0.5% yesterday on increasing trading volume.

As such, we could potentially see the index testing the 3250 immediate support again today. Should this 3250 level give way, we expect the index to slip quickly towards the 3220 key resistance-turned-support.

On the upside, we still see the immediate resistance at the 3280 recent peak, followed by the subsequent key hurdle at the 3310 key peak.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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