STI plunged ~ 2% last week. Down pressure accelerated upon FOMC hinted 1 more rate hike than early forecast for the year. STI shall test 2018 support 3340 on coming week. Shall it be broken, 3200 would be 2017 support. Support used to be breached easily in severe downtrend, which could present buying opportunity. Long term investors could consider STI ETF for their portfolio. Dividend yield is close to 3% for current price.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA).
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