STRAITS TIMES INDEX – Part 2
China implemented a planned increase in required reserves for some banks on Tuesday, 26 Jan 2010, sparking heavy selling of Asian stocks that underscored how sensitive global investors are becoming to Beijing’s tightening of monetary policy.
Asian stocks fell Tuesday, with Singapore stocks tumbling 2.5 percent, as fears of further clampdowns on lending in China and a U.S. plan to freeze domestic spending sparked worries about the outlook for global growth.
As my post last week 22 January 2010 <click here> concerning STI is weakening, yesterday it has broken 100MA and today still stay around there, seem like no clear direction where it goes. I would prefer stay away from the market for time being.
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[...] in as 200MA still slopping up. Please look at the previous post on STRAITS TIMES INDEX – Part 1, STRAITS TIMES INDEX – Part 2, STRAITS TIMES INDEX – Part 3 and STRAITS TIMES INDEX – Part 4. Resource to learn more,Click [...]