Daily Markets Briefing: STI down 1.2%

Expect a rebound today.

According to OCBC, the continued rebound on Wall Street overnight could provide a lift to the local bourse this morning; the Nikkei has rebounded some 2.9% in early trade.

Here's more from OCBC:

Although the STI did not come close to testing the key 2600 support yesterday, it did end off the intraday low, suggesting that the market may take 2600 as the near-term base for now.

As such, we could see the index staging a rebound to try and take out the next resistance at 2650 and may even make a test of the key 2700 hurdle,

However, should this resistance hold, we may see selling into strength resuming as the overall downtrend remains intact for now.

Below 2600, we peg the next support at 2521.

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