SG Market

SG Market: Spore shares are likely to open about 1% lower after Thursday's declines on Wall Street as European sovereign debt troubles continue to spook markets. Initial support for the STI stands at 1.2760 and if that breaks, it could attempt to close the gap at 2720. SIA may feature after it confirms an earlier order for 8 Boeing 777-300ER aircraft, indicating the flag carrier's optimism about the long-term prospects of the industry. Tiger Airways may face formidable competition after Indon caaier made a record order for 230 B737 aircraft. NOL may also benefit from a slight easing in global crude oil prices.