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Will STI go below 3000pts....
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mike8057d
Veteran |
23-Jan-2008 10:43
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ruanlai....your question on this thread is answered...... | ||||||||||||||||||||||
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paperless
Senior |
21-Nov-2007 19:06
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Nothing is impossible if DOW hit bellow 12778.2 coming days. Eye on it. |
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teeth53
Supreme |
21-Nov-2007 18:55
Yells: "don't learn through life, learn to grow with life " |
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Humm....Not B4 testing the next lower range.....STI 3,200 
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Galileo
Member |
21-Nov-2007 18:25
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As I see it with all the international banks not lending to one & other, & sitting tight, so until this sub prime black cloud goes way we've no way forward, its not just the housing, its followed by all the car repros, all the furniture purchased on "rent to own schemes" & household electrics. If their spending does not pick up for Christmas then China & everybody in Asia will be pulled lower. |
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ygc91285
Member |
21-Nov-2007 17:47
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CIMBGK & UOB forecast STI will hit 3700 by year end..which is 5-6 weeks from now...too optimistic? |
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reisspoh
Member |
21-Nov-2007 17:03
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unlikely that things will be sooooo bad, but hard to say also ... only took 2 weeks to drop 400points ... if things continue to be just as bleak for now till Christmas, then we could really be seeing a major drop in global economy ... i'm sure Singapore will be affected too. even if not directly via US market, will also get hit indirectly through slowdown in the rest of Asian markets | ||||||||||||||||||||||
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scotty
Senior |
21-Nov-2007 15:51
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HONG KONG (MarketWatch) -- Asian indexes mostly dropped Wednesday, with Japanese stocks declining as a strong yen hurt exporters such as Honda Motor Co., while Hong Kong stocks fell sharply, giving up gains from the previous day, after rumors that the U.S. Federal Reserve was considering an early rate cut proved to be untrue. Financials in the region continued to be weak on persistent worries over health of global financial markets, but energy stocks such as Inpex Holdings in Tokyo, Woodside Petroleum in Sydney and Cnooc in Hong Kong advanced as crude oil futures topped $99 a barrel, before slipping back. Hong Kong's Hang Seng Index dropped 3.1% to 26,912.50 and the 43-issue Hang Seng China Enterprises Index lost 3.2% at 16,321.88. The Hang Seng rebounded from sharp early losses to end higher on Tuesday, on rumors that the Federal Reserve had convened an emergency meeting to consider an interest rate cut. "The weakness is mainly
because of the sharp reversal yesterday, triggered by expectation of an
earlier than expected rate cut," said Ben Kwong, chief operating
officer at KGI Asia in Hong Kong.
"The market sentiment is cautious. Hong Kong is still in the consolidation mode and in the absence of fresh incentives, I think the index will move between a range for the time being," added Kwong. In Tokyo, the Nikkei
225 average ended the morning session 1.7% lower at 14,946.68, while
the broader Topix index lost 1.3% at 1,450.16.
Elsewhere, Australia's S&P/ASX 200 dropped 0.7% at 6,383.90, New Zealand's NZX 50 index was little changed at 4,066.32 and South Korea's Kospi lost 1.5% at 1,843.35. Singapore's Straits
Times index shed 1.2% to 3,398.89, China's Shanghai Composite declined
0.3% to 5,280.05, giving up early gains, and Taiwan's Weighted index
dropped 0.8% to 8,608.80. |
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ruanlai
Master |
21-Nov-2007 14:21
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Oil makes fresh run at $100Crude sets new closing high, rising over $3 a barrel, on refinery outages, falling dollar and Fed hints at further rate cuts. |
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61.32 (1.61%)