SG Market: Spore stocks are likely to open slightly weaker following the soft Wall Street finish but will probably be supported on dips given the ample liquidity and lack of viable investment alternatives. The STI is expected to find support at the 2993 level with overhead resistance at 3030.
Investors will eye China March PMI data due at 0230 GMT. Hutchison Port Holdings Trust and Hongkong Land will be in focus after the SGX announced the introduction of dual currency trade. Cache Logistics Trust may also be eyed after raising $59.1m in a private placement.
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