SG Market

SG Market: Spore shares are likely to head south, tracking falls on Wall Street, after the US congressional deficit-reduction committee acknowledged its failure to forge a deal on cutting the budget deficit. Investors will be taking to the hills, fleeing from the debt tsunami from Europe and US. The STI is expected to break below the 2680 support today, after which it could head towards the 2600 level; resistance is pegged at 2760.