i bought yesterday too early while sti recovering.
think sti will drop another 2% on monday.
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STI Down 70 points
- Thread starter TracyTan866
- Start date
i bought yesterday too early while sti recovering.
think sti will drop another 2% on monday.
Dow drops more than 500 points as US markets plummet amid global sell-off
Most major markets around the world suffer bruising losses as investors worldwide become increasingly concerned about Chinese economy
“China has sent shockwaves through global markets and raised numerous questions on the outlook,” analysts at Societe Generale said. “To our minds, the gradual recovery taking shape in the advanced economies can weather what we expect will be a prolonged period of weaker growth in a number of the major emerging markets.”
David Madden, market analyst at IG, said: “China has been on a mission to keep up the illusion of a gradual slowdown, but dealers aren’t buying it anymore.”
Nigel Green, chief executive of financial consulting firm deVere Group, told Reuters: “There are many, and legitimate, contributing factors to the global economic slowdown narrative. These include China-related issues, such as the recent devaluation of its currency, the stock market’s boom and bust in recent months, and slower GDP growth.
“I believe that this volatility is likely to remain with us, at least until the end of the year ... But for most long-term investors, fears of a near-term financial apocalypse are overdone.”
Analysis Global market turmoil in six charts
World stock markets have suffered their worst week of the year so far buffeted by worries over China, a potential US rate rise and troubles in emerging economies. What do six big moves across markets tell us about increasingly jittery investors?
Read more
Connor Campbell, an analyst at Financials, predicted more lows to come. Oil and mining stocks were “drowning in losses” from the beginning of the day, he said.
Crude oil prices, which have come under growing pressure from oversupply from the US, Russia and the Middle East, fell in response to concerns that lower manufacturing output in China will cut world demand. Brent crude closed at $45.30 a barrel, down from more than $60 in June and $115 little more than a year ago.
Lower oil prices are expected to boost growth in the US, Japan and the major importing nations in Europe in the longer term, but the initial impact has been felt on emerging economies that export oil and other basic commodities that have also slumped in price.
Oil’s run of weekly losses is its worst since 1986, when the Organization of the Petroleum Exporting Countries (Opec) ramped up production and sent it as low as $10 a barrel.
Most major markets around the world suffer bruising losses as investors worldwide become increasingly concerned about Chinese economy
“China has sent shockwaves through global markets and raised numerous questions on the outlook,” analysts at Societe Generale said. “To our minds, the gradual recovery taking shape in the advanced economies can weather what we expect will be a prolonged period of weaker growth in a number of the major emerging markets.”
David Madden, market analyst at IG, said: “China has been on a mission to keep up the illusion of a gradual slowdown, but dealers aren’t buying it anymore.”
Nigel Green, chief executive of financial consulting firm deVere Group, told Reuters: “There are many, and legitimate, contributing factors to the global economic slowdown narrative. These include China-related issues, such as the recent devaluation of its currency, the stock market’s boom and bust in recent months, and slower GDP growth.
“I believe that this volatility is likely to remain with us, at least until the end of the year ... But for most long-term investors, fears of a near-term financial apocalypse are overdone.”
Analysis Global market turmoil in six charts
World stock markets have suffered their worst week of the year so far buffeted by worries over China, a potential US rate rise and troubles in emerging economies. What do six big moves across markets tell us about increasingly jittery investors?
Read more
Connor Campbell, an analyst at Financials, predicted more lows to come. Oil and mining stocks were “drowning in losses” from the beginning of the day, he said.
Crude oil prices, which have come under growing pressure from oversupply from the US, Russia and the Middle East, fell in response to concerns that lower manufacturing output in China will cut world demand. Brent crude closed at $45.30 a barrel, down from more than $60 in June and $115 little more than a year ago.
Lower oil prices are expected to boost growth in the US, Japan and the major importing nations in Europe in the longer term, but the initial impact has been felt on emerging economies that export oil and other basic commodities that have also slumped in price.
Oil’s run of weekly losses is its worst since 1986, when the Organization of the Petroleum Exporting Countries (Opec) ramped up production and sent it as low as $10 a barrel.
just heard kevin scully from NRA on CNA, he said support at 2700 for sti, stay on the sideline for time being.
http://www.nracapital.com/research/blogs/
http://www.nracapital.com/research/blogs/
Opening:Shanghai Composite opens down 3.83% at 3373.48
http://www.cnbc.com/2015/08/23/shanghai-composite-opens-down-383-at-337348.html
http://www.cnbc.com/2015/08/23/shanghai-composite-opens-down-383-at-337348.html
STI is down 75 points , 2.5% at 10am
Sister Tracy, can't imagine that your thread can be recycled on a day like this.
Singaporeans wants opposition but not in their ward
RUN knows PAP will win
but RUN never give up the fight.
You see my undying love for TingRu u know
Not because RUN is stupid.
RUN has kids, RUN cannot be selfish.
Not true that Singaporeans want Opposition but not in their constituency.
I want Opposition and I want it in my constituency. Hougang, PE and Aljunied residents also want Opposotion and they want them in their constituencies
We are looking forward to WP getting 60% of the votes in Marine Parade GRC and kicking out GCT and the pap
STI down 127pts, 4.3%
Last edited:
did u buy anyting? ...
watz ur constituency? ...
Was JC but now absorbed into marine Parade
yes........
Support at 2860 not strong.
like this. May see 2700 or 2500.
I read somewhere. May drop below 2000.
it is interesting to see how buyers react to the drop
wat u bot? ...
Bought Kep corp at 6.49 and DBS at 17.65
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