Daily Markets Briefing: STI down 0.7%

Initial hurdle pegged at 3,310.

OCBC Investment Research said:

The fairly strong rebound on Wall Street overnight is likely to provide some inspiration to the local bourse this morning, especially after yesterday’s 0.7% loss.

We peg the initial hurdle at 3,310, ahead of the 3,330 key peak.

On the downside, the immediate support is now pegged at the 3,265 recent trough, followed by the next base at the 3,240 key resistance-turned-support.

IG Markets Singapore said:

In Singapore, March CPI eased to 3.5% helped by lower COE and housing market on the government’s clampdown on credit. This is a positive sign for policy makers who have been fighting to rein in inflation targeting the lower end of 3%.

In Asia, we expect the momentum to trickle through. Our prices show HSI to open up 1% at 22056 and Singapore’s STI to open up higher.

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