STI Technical Report 25th July 2012: STI Still Set For Decline
Equity markets across Asia gained on Tuesday, boosted by positive PMI figures from China. However gains were capped as rising Spanish debt costs triggered alarms that the country would inevitably have to seek economic bailout in the near future. The Shanghai Composite Index and the KOSPI both rose 0.24% and 0.25% respectively while the local Straits Times Index was edged up 0.53% to close the trading day at 2998.
All charts in the report are day charts and end 24th July 2012 unless otherwise stated. Reviews and outlook are only valid for the day.
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