I always believe that the real mover ans shaker of the stock market is the US. After disappointing results from pharmaceutical and energy sectors (due to dropping oil prices), Dow Jones dropped 0.94%. Even with the better than expected Microsoft results, the index was still down. This, of course, affects the whole Asian market.
Singapore market took a beating yesterday (largest single day drop since May) and today. Analysts from UOB Kay Hian expects a strong support at 3050/3070 for STI, after which a rebound is very much expected.
Current Stock Watch: Genting Int, Asiapharm, Pine Agritech, Lifebrandz, Sapphire
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