Cash is king. The worse is yet to be. Hold on to your cash and wait for further discounts.....
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SINGAPORE, Oct 6 - Singapore's Straits Times Index <.FTSTI> fell 5 percent to a near three-year low on Monday, hurt by redemption by fund managers and concerns the global economy has worsened.
At 0813 GMT, the STI was down 5.2 percent at 2178.91. It was the biggest percentage fall since January. CapitaLand <CATL.SI> was down 7.8 percent.
The worst Southeast Asian market was Jakarta <.JKSE>, which has fallen more than 10 percent as investors return to the market after a four-day break for a Muslim holiday.
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SINGAPORE, Oct 6 - Singapore's Straits Times Index <.FTSTI> fell 5 percent to a near three-year low on Monday, hurt by redemption by fund managers and concerns the global economy has worsened.
At 0813 GMT, the STI was down 5.2 percent at 2178.91. It was the biggest percentage fall since January. CapitaLand <CATL.SI> was down 7.8 percent.
The worst Southeast Asian market was Jakarta <.JKSE>, which has fallen more than 10 percent as investors return to the market after a four-day break for a Muslim holiday.
