Daily Markets Briefing: STI down 0.6%
There’s not much to expect this morning.
The STI’s downside momentum could be building up.
According to OCBC Markets, the STI registered a 0.6% retreat and initiated a bearish break below the 3390 support yesterday.
As such, we could potentially see the index continuing its slide today in the direction of the 3300 psychological resistance.
The continued retreat by the US indices overnight is unlikely to provide much inspiration for the local bourse this morning.