Daily Markets Briefing: STI down 2.4%

Expect another negative start today.

According to OCBC, with the US indices continuing to slide further south overnight, this will likely cue the local bourse to another negative start this morning.

Here's more from OCBC:

Meanwhile, the STI plunged nearly 2.4% yesterday after failing a recent retest at its 5-year key downtrend resistance; this could generate further selling pressure in the days ahead.

As such, we expect the index to decline towards the 3180 resistance-turned-support today. Below that, we see the next base at the 3150 key trough.

On the upside, 3240 is the new support-turned-resistance, followed by the next hurdle at the 3300 psychological resistance.

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