Southeast Asian stocks closed higher at the end of a see-saw session today, with Singapore up more than 4 per cent, as investors warmed to an aggressive US interest rate cut but remained uneasy about the health of the global economy. (Business Times)
The keywords here are "remained uneasy". And investors should have every reason to feel that. The dust hasn't completely settled, and any rally is likely to be short-lived and be met by an equally strong selling pressure.
Unfortunately, the Malaysian market did not benefit from today's Asian market rebound, as it was closed for Thaipusam. If Dow closed drastically lower (very likely looking at indicators from Europe and US Dow Futures), the selling in Asia will begin again and Malaysia will be caught by two consecutive market days of sell-down.
Very concerning indeed. Some say, if you don't need that money, best to brave it and HOLD.
The keywords here are "remained uneasy". And investors should have every reason to feel that. The dust hasn't completely settled, and any rally is likely to be short-lived and be met by an equally strong selling pressure.
Unfortunately, the Malaysian market did not benefit from today's Asian market rebound, as it was closed for Thaipusam. If Dow closed drastically lower (very likely looking at indicators from Europe and US Dow Futures), the selling in Asia will begin again and Malaysia will be caught by two consecutive market days of sell-down.
Very concerning indeed. Some say, if you don't need that money, best to brave it and HOLD.
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