Bounce off session lows by China shares helping stocks in Singapore pare losses, although index still expected to end down given concerns over more tightening measures by Beijing.

STI off 0.4% at 3,144.70 vs 3,134.43 intraday low. Shanghai Composite Index ends down 1.6% at 2,820.18 vs 2,758.92 intraday trough.

“The broad intermediate-term outlook continues to remain uncertain. We continue to advocate watching levels in the meantime (before taking positions),” says Phillip Securities analyst Phua Ming-Weii; tips near-term support for STI at 3,120.

Market breadth at more than 2 decliners for every gainer. Blue chips, large caps among most active in market, led by Genting Singapore (G13.SG), off 1.5% at $2.00, Golden Agri-Resources (E5H.SG), off 2.0% at $0.72, CapitaLand (C31.SG), off 2.2% at $3.61, SingTel (Z74.SG), off 1.0% at $3.07.