Tapering means only USA is recovering. Europe is mending, with Germany leading the way, china from strong industrial data, and Japan with more easing. I actually now see a bull forming if all these in place!
2013-08-20 11:03
if you ask me, i said tapering should have been done last Q. the pussyfooting around is actually allowing hedge managers making killing from developing countries! India and Indonesia is prime suspect since last week!
2013-08-20 11:26
India, Jkt n Thai stocks taking big hits as well and also their currencies are under continuous selling pressure...
2013-08-20 11:29
Don't think Asian country currency is under selling pressure.
That's a big possibility USD sendiri beli, syok sendiri only,since the price of Gold is not much hike in price.
2013-08-20 11:46
India's currency cartwheeled to historic lows on Monday while markets in Indonesia took a spill, evidence of how rising U.S. yields are making it harder for emerging nations to fund their current account deficits.
The turbulence heightened investor caution ahead of Wednesday's minutes of the Federal Reserve's last policy meeting, with many fearing they might only add to the confusion about when it might scale back stimulus.
That helped gold reach its highest in two months, while keeping share markets constrained across Asia.
The Indian rupee slid as far as 62.50 per dollar, emphatically breaching the previous low of 62.03. The share market lost 1.4 percent, on top of a 4 percent drubbing last Friday.
The currency has been hurt by investor frustration at the slow pace of economic reform in India, which has made it harder for the country to finance its hefty current account shortfall.
Indonesia's rupiah shed 0.9 percent to four-year lows at 10,475 per dollar, with share and bond markets weakening in the wake of data showing a sharp widening in the country's current account deficit.
2013-08-20 11:57
If Msia making loan from IMF then don't need to do UBAH already lo,automatic UBAH hehe.
2013-08-20 12:32
Possibly all of you can have chances to use sterling pound as daily expenses :)
2013-08-20 12:34
Actually when I compare RM with THB & IDR, not much significant chance.Base on observation,only USD itself is increasing order and possibly US market already over demand,hot money might flow back to Asian at 2nd half :)
2013-08-20 12:49
India rebound? its about regional issue maa..cannot effect the whole world..haha
2013-08-20 13:10
that mean later 2.30pm klse will rebound? if this is the case, really regret didn't buy, i plan to wait it drop further then only buy on thursday
2013-08-20 13:18
owh..this forum is for CPO? sorry-sorry..im looking for stock exchange discussion..
2013-08-20 13:19
@Hafiz...no signs of EPF or the local fund supporting the market. Still spiralling :(
2013-08-20 15:17
@ Hafiz...agreed. I bought in every 5.5% down.
Local funds are waiting the downgtrend to weed out the retailers, since they were left high and dry by the foreign funds during the last election. Most of the fund are not turning in as good result this quarter...pressure is on...
It is poker game from now on...it is anyone's guess how long this trend will play out. (provided Bank Negara does not intercept by utilizing our huge foreign reserve)
2013-08-20 15:50
aiyah.......foreign funds keep on selling bursa stocks.....u c ....Ringgit is keep on dropping in the past 4 weeks....
Malaysia warren buffet....i cap is keeping big portion in cash......chai boH?
2013-08-20 16:02
Hafiz my first lesson of investing is never, never grab a falling knife this the advice from those season trader i hope you did the same.
2013-08-20 16:14
There is no real lesson to be learnt from market.....the only thing (if any) the market will makeing us more "humble" and emotional stable !
2013-08-20 16:23
Today dropping % the most highest 1,will be the hidden gem that we are looking for :)
2013-08-20 16:46
fooyohhh..lets hope the ringgit fare better and dont suffer the same fate as the rupee n rupiah..
2013-08-20 17:21
KC Loh
Tapering should begin I believe. Tomorrow FOMC minutes should not be too surprising with an "aye"
2013-08-20 10:57