Global market has been facing selling pressure last two weeks. Most already down ~ 10% from recent peak. General definition for bear market refers to 20% downfall, so market might be still under correction phase. Few supportive factors including yet-to-fully tightened money policy, strong expansion in major economies, etc. STI ETF would be one the tools for investors to sit in for next potential rally. Current price represents ~ 3% dividend yield. Shall support 3.39 be broken, next support would be 3.23.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA).
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