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Subprime spilled to china banks

oops if china subprime is as bad as US, things will really look bad globally

 

If NickyNg has been more aggressive in his shorting, he would have been a multi-millionaire by now... hehehe... 

 

Yes... Looks like we have a real bear mart is in our hands...

 

today China, next day India, never ends lei... so, STI, see you at 2000 points, possible liao la.

 

but this may cause fear in the Chinese investors and other foreign funds which had parked their money there from the US side.

If they are going to withdraw out, whereelse can they put? Middle East? haha

 

i was just wondering ? the chinese has just lend a hand by pumping funds into US to help and now bank of china has a big writedown. so big deal u mean they can afford to help others and not themselves? what will happen if any of our own banks post a writedown? is everyone going to withdraw all their saving and keep under their bed? i'm sure this will be over faster than our mrt. but of course it's always better to play with care dosen't matter a bull or bear market. also remembering china has a big event coming so i dun think they will allow the market to stay low.

 

cheers.

 

see...US Markets bad enough...when the other giant...CHINA comes into play....wa lauz....tt is MASSIVE...they killed many

 

No wonder market fall badly today, more to come????

Seems like the worm is crawling out from the can.....

 

No. 2 lender, Bank of China, might write down holdings of U.S. mortgage securities and two others increased reserves for possible losses. first indication that Chinese lenders, which have so far avoided damage from the U.S. credit crisis, might face problems due to their holdings of subprime securities

Bank of China is expected to announce a "significant writedown" on its $7.95 billion in U.S. subprime mortgage securities, Hong Kong's South China Morning Post newspaper reported, citing unidentified sources.