Spore Market: the flat close in the US and lack of news flow overnight points to an uneventful opening for the Spore mkt. In view of the strong surge yday, the market may take a breather, and remain narrowly range bound in the absence of significant macro news flow. See support at 2735 (50 day MA), resistance around the psychological 2800 level.
In the region, KOSPI is up 0.1%, Nikkei is up 0.4% at 8.09am.
Seeing a dearth of local corporate news flow.
Olam sets up a US$49m rice farming and milling facility in Nigeria.
SIA new long haul budget carrier, Scoot picks Sydney as its first destination to fly.
First Ship Lease Trust enters into a US$480m loan deal secured against its vessels.
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