
Daily Markets Briefing: STI down 0.7%
But expect a rebound today.
According to OCBC, the significant gains on Wall Street overnight could cue the local bourse to a positive start this morning.
Here's more from OCBC:
As such, we could see the index rebounding and inching higher in the direction of the 3460 key obstacle.
However, we note that the upside momentum has been slowing significantly as the index near this key obstacle; we could potentially see a more significant correction soon.