Singapore shares in broad retreat, with nearly 3 decliners for every gainer across market. STI down 0.6% at 3,233.27 midday; market tracking declines in China, Hong Kong amid lingering tightening fears, also as holiday-shortened week gives investors excuse to take breather, says Dow Jones.

UOB KayHian says after STI’s black candle Friday, “price action suggests that we may be facing a short-term retracement following strong gains since late-October,” though upward trend remains intact.

Notes some minor supports for index should cushion any major decline, with key support still at 3,219. Olam (O32.SG) down 2.2% at S$3.18 after announcing fertilizer JV in Gabon; REITS mostly lower, with CCT (C61U.SG) off 2.0% at $1.45, Ascendas REIT (A17U.SG) down 1.9% at $2.05; palm plays also lower with declines led by First Resources (EB5.SG), off 2.9% at $1.36. Genting Singapore (G13.SG) top traded, off 0.5% at $2.12.