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Dow crash !

There will be 2 massive IPOs the next 2 weeks. Thai Beverage listing in Singapore on 25 May and Bank of China listing in Hong Kong on 1 Jun. BOC could raise up to US$9 b (S$14.3 b). Thai Beverage plans to raise $1.27 b to $1.78 b. It is set to be the biggest IPO here since SingTel raised over $4 b in 1993.

Rather than benefitting the market, these IPOs could suck up liquidity and cause other stock prices to fall.

 

Down on DOW, then look to East Asia, like BOC ipo in HK for a change. SGX maybe down but there is stock that is oso recoverying, SGX China related stocks is likely to take a cue from BOC ipo offer which is surely very hot and over subscribe. It not a small sum US$9.8bil (S$15.5 billion). This deal oredi attracted more than US$ 30billion  from institutional order in just two days oni. Temasek +12investors hv pledged US$2.6billion and yet d real road show hv not begin yet and when it date to announce it. U will know why look to East asia for a change.

 

Cool.... new features... :)

Wah... Dow fall again by 77 points! Will this be another bloody day for regional markets??

I've inserted the link to CNN Money's DJIA chart.

 

Dow up on open now. Up 6 points. Hopefully we have seen the worst of it.

 

as expected... another day of bleeding.

 

US have Fear, Fear, Fear, oni Down, have SGX looking to Nikkei, HK & even shanghai for it cue, meanwhile S'pore econmic is performing well into 2digit figue, it's just to small a mkt, unlike d above, so SGX will jus follow d big boys again. yah.

 

Dow drops 200 plus points last night due to fuel concerns, inflation and interest rates. I forsee another day of bleeding for investors today