STI down 0.4% at 3178.46, off 3158.03 intraday low as market recovers footing after early selloff in reaction to U.S. stocks’ fall, China’s rate hike. Now only about 2 decliners for every gainer vs 6-to-1 earlier in session; 1.1 billion shares traded worth $1.22 billion. 

After USD gains overnight on safe-haven flows, DBS Vickers says there “should be a brief reversal of the trend that had lifted Asian markets in recent weeks, which is a weak USD fuelling liquidity inflow into Asia.”

 

NOL (N03.SG) +4.4% at $2.15 after 3Q earnings beat street expectations, Osim (O23.SG) +1.9% at $1.07 after its 3Q earnings impress due to improved margins. Genting Singapore (G13.SG) top traded stock, +3.3% at $2.22; 3142 likely support, 3220 cap.