Daily Markets Briefing: STI down 1.62%

Expect muted gains today.

According to OCBC, further declines on Wall Street overnight could weigh further on local sentiment today; the Nikkei has opened 0.4% lower, extending yesterday’s 3% tumble.

Here’s more from OCBC:

In addition, investors could be watching the developments in China very closely; this on fear of more selling pressure after the 7% plunge yesterday triggered circuit breakers and shut the bourses there after just half a day of trading.

Although 2800 is still the key initial support for now, we could see the index breaching this level pretty soon, and may bring the next key support at 2740 into play; this given the increased geopolitical tensions in the Middle East.

On the upside, we peg the immediate hurdle at 2850, ahead of the key 2900 level.

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