Spore market: Spore shares have a positive lead from U.S. markets which finished marginally higher and could see a mild bounce. However, any gains are expected to be mild as caution over the European debt situation will be high this week ahead of a key parliament vote in Germany over a new version of the EU stability fund come Thursday.
The STI ended down 0.8% at 2699 Friday, falling 3.2% last week. Analysts tip 2650 as near-term support which coincides with its 2010 low, and resistance around 2890-2910, the higher end of the recent trading band.
Tiger Air could be in focus after signing an agreement to buy 33% of Indonesia's Mandala Airlines, though no financial details were disclosed and the deal has been proposed since May.
Regional indices mixed.
At 8.52am, Nikkei 225 is -1.6% at 8425, ASX 200 is +0.6% at 3926.
At 8.33am, Kospi (delayed) is +0.2% at 1701.
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