Prospect of more tightening measures from Beijing following stronger-than-expected China economic data prompts investors to lighten positions on Singapore shares after early gains driven by Wall Street’s modest overnight advance, reported Dow Jones Newswires.
The STI off 0.1% at 2,858.58 midday vs high of 2,875.21 (+0.5%); likely to hold above this week’s low of 2,820, with Jan 21 high of 2,890 expected to offer resistance. Market breadth tad negative vs four gainers for each decliner in early trade.
