STI Off 1.8%; Extends Fall, US Futures Bearish

Singapore shares head lower at start of afternoon session as bearish lead from pre-market Dow futures adds to already subdued mood; STI down 1.8% at 2984.45, nearing support at last week's intraday low of 2979, lowest level since March 27. AmFraser senior VP of research Najeeb Jarhom tips index to find buying support soon; "the STI should be able to hold around 2970-80, traders with a month-end/midyear window dressing view, as well as 2Q reporting season in mind and who do not expect a repeat of the 1Q series of plunges should begin to accumulate below 3000." Broad market volume remains thin; losers outnumber gainers 3 to 1.