SG Market 25 Aug

SG Market: SG shares likely to slide as record drop in US July existing home sales aggravate already-jittery investor sentiment. If STI breaks the 50-day MA at 2920 & fails to hold above 2900, next support tipped at 2875 (lower end of breakup gap formed on July 7). Stocks like Raffles Edu, Tiong Woon, China Minzhong may be in focus after reporting June-quarter results.