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Today BT:
Nippon Q2 slump hoist red flag for analyst.
UBS exposure to risky assets still high, Spore CPF rate remains 2.5%, no use as earning has shrank.
China needs emergency plans to boost growth, any feel on HSI?
Cautious loh. Your choice, ak view only
The posting below just to test whether my findings of STI market trends is in the right path.
Overnight US market performance: The Dow Jones industrial average .DJI fell 109.51 points, or 0.94 percent, to 11,532.96, while the Standard & Poor's 500 Index .SPX slipped 3.76 points, or 0.29 percent, to 1,285.83. The Nasdaq Composite Index .IXIC was down 1.99 points, or 0.08 percent, at 2,428.62
Yesterday Asian Markets:
HK Hang Seng: down -347.57 points done at 21,293 .
STI : down - 5.03at 2811.
Nikkei: dow -280 at 13023
For today STI market trends: I believe when market open, most stocks were again fall and price might be recovery 10 minutes before Hang Seng opens at 10.00am.
If Hang Seng were to down greater than -200 points on first 10 minutes, I see STI stocks to further fall some more in price.
If Hang Seng index kept unchange at yesterday index level, you sure will see STI stocks continue its sideway and only dip as to followed Hang Seng weakness.
If Hang Seng index were to cheong 100 points, then you may see "buy sentiment might return"
but soon after the stocks to move up either half a cent or 1 cent, the force index shortists come in, and to eat away all gains. Price sure soon to return its previous price level.
If Hang Seng to continue power up another 100 points to 200 points, then the shortists were have to recover as Hang Seng would confirm the market to be another bull run day.