Singapore:
STI has been falling for 8 consecutive weeks since early May. Last week saw its rebound which show 3192 as immediate support. 3339 has been serving as year to date support. Since it was broken, it would become immediate resistance as well. Trade war panics has been major concern in market. Rising interest rate could raise burden on highly borrowing companies as well. Investors shall take chance to reshuffle portfolio shall next rally come.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA).
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