SG Market

SG Market: Spore shares are likely to open lower tracking the slump on Wall Street last Fri, as concerns over Europe''s debt crisis continue to weigh the global economic outlook. The STI is tipped to find support at 2620 with resistance at 2720 with banks underperforming. Tiger Airways will be in focus after warning of a larger net loss in 2Q, citing its Australian flight suspension, lower load factors and higher fuel costs as factors; the carrier also announces it has received a complaint from the Philippines aviation regulator against its Singapore unit, in relation to the Australia ban.