$STI ETF(ES3.SG)The ETF is experiencing a significant 2.32% drop, which is a sharp move for a broad index fund. While it appear to be a geopolitical "bounce" (the "buy the dip" mentality), the actual price action suggests technical damage has been done to the chart.
The market seems to be reacting more to the immediate "sustained selling pressure" than to the potential optimism of the news.