FKLI : 1005.0/1030.5/998.5/1028.5/+22.5/+2.2%

DJ –10p, off lows

Regional higher on HK and STI. HK +400/+2%, 7-mth high on financial stock (see breaking news) STI +5%, Citi targets rise in Straits Times Index to 2,400

Cash 1023.96/+15/+1.5%

A strong reversal occurred in the afternoon amid regional feel good factors. Cash and FKLI turned bullish again and ready for a fresh leg up. Support is raised to 1020.