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2018-04-10 08:27:53
SG Market (10 Apr 18)
MARKET OVERVIEW- Sentiment remain cautious amid the tense stand-off between US and China over trade tariffs as traders await a keynote address by China President Xi at the Boao Forum today and the release of advance 1Q18 GDP growth as well as MAS policy statement later this week.- Technically, the STI is likely to trade within its downward channel between 3,370 and 3,480 in the near term.POSITIVE NEWS*CapitaLand- Serviced residence unit, The Ascott, tied up with developers in China, Japan and Thailand to manage apartments under development and future projects.- It added 1,607 units to its portfolio in Jan and Feb and will sign management and lease agreements for a further 3,400 apartments across 14 properties in 10 cities this quarter.- The group is on track to achieve its global target of