What to expect for Straits Times Index in US election week?

What to expect for Straits Times Index in US election week?

Last week, STI experienced a volatile week as earnings were reported during the week bringing uneasiness and cautious state of mind to the market. Super storm Sandy leashes its might in US which closes the US market on Monday and Tuesday as a precaution. STI felt lost as it is lacking of direction from the big brother. STI gapped down strongly on Thursday as it feared the weak local economic situation which caused STI to break is support at 3030 level. However, it was quick to recover on Friday as strong performance in China market lifted STI back above 3030 level again. It was indeed not for the faint hearted. For the whole week, STI closed 16.76pts lower at 3040 level. Last Friday night, DJI dropped deeply by 139.46pts lower. Will STI react strongly towards DJI’s Friday …