MARKET OVERVIEW- Brace for another selldown after US markets tumbled into correction territory on rising inflation expectations, and shock revelation by a S-chip of serious irregularities at its China operating units.- A similar 10% correction from recent peak would take the STI to the 3,248 level- From a technical perspective, STI sees underlying support at 3,370 with near term resistance at 3,470.CORPORATE RESULTS*Frasers Property- 1QFY18 core net profit slumped 62% to $69.2m, while revenue dropped 23.8% to $740m on absence of significant sales and settlements of development projects in China.- Gross margin held relatively steady at 36.3% (-0.5ppt).- Bottom line was dragged further by lower fair value change on derivatives, higher net interest expense (+188.2%) arising from increased deb