Spore market: may see weakness at the open, on the lower indications from the US futures.
Little in the way of news flow to drive the overall Spore mkt.
In the region, KOSPI and Nikkei are down 1.1% and 1.5% rptvly at 8.23am.
Technically, the STI is at a pivotal level. The key indicators are trending down, indicating near term weakness. A break of the 50day MA would provide confirmation of the near term direction, and could the STI test the 2920 level next. Resistance remains at 3030, a level that has been tested unsuccessfully the past 3 times since the start of this yr.
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