Brokers warn of potential correction as market powers on

Citigroup is next after Morgan Stanley to warn clients that markets may be due for a major correction after strong rally in recent months. Despite the warnings, Singapore market continue to power on hitting record high. Certain tech stocks which have been "dead" for some time like Meiban and Fuyu recently started to rebound, hitting multi-month high. Oil and gas stocks, construction stocks continue to hit record high as the exploration industry and potential casino related contracts continue to attract investor interests in related stocks.