Daily Markets Briefing: STI up 0.1%
No good vibes for today.
According to OCBC Market Commentary, US indices registering further losses overnight and the Nikkei 225 index plummeting more than 2.5% earlier could negatively affect local sentiments this morning.
OCBC adds that as such, the STI could slide in the direction of the 3180 immediate key support again. Beyond that, the next base lies at the 3130 resistance-turned-support.
On the upside, OCBC still sees the immediate hurdle at the 3220 support-turned-resistance, followed by the next obstacle at the 3270 resistance.