Spore market: likely to open down following the selldown in Wall Street overnight. In Asia, the Nikkei and KOSPI are down 2% and 2.2% rptvly at 8.29am.
Technically, the Spore market may have peaked out after touching the ~2900 levels. The Stochastics indicator is now reversing out of overbought territory, while RSI and MACD are starting to turn downward as well. See first support at 2744 (50 MA), followed by 2680.
Newsflow is generally dry.
Results out from JC&C (net profit +28% yoy), DBS (above), Hi-P (weak), and Osim (under).
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