Singapore Stock Market Update For Monday 21 November
Asia shares lose ground on concern over Europe’s debt troubles and lack of a US deficit deal. We did mention that a break through of 2750 will represent that market will head down even lower, testing 2700 support. From what we observe, market tested 2700 but bounced back. We expect market to be on the downside. Therefore, a break through of 2700 will be inevitable.