Singapore: likely to open lower in line with regional markets, after US stocks lost ground Monday, and the S&P cut Italy’s debt rating, raising fears of the global impact of continued financial turmoil and economic weakness in the euro zone.
The Nikkei is down 1.5%, and the KOSPI down 1.3% at 8.30am
The ASX 200 is down 0.4% at 8.50am.
NOL may be in focus after posting weaker freight rates in Aug.
STX OSV may see a bounce after reporting shipbuilding contracts worth ~US$132.5m in total.
For the STI, volatility is likely ahead in the recent 2680-2900 trading range.