As Singapore's second biggest import and export partner, US economy is very closely watched over here in Singapore, I have the sense of it by looking at how Singapore market in relation/react to the US equity market.
Yesterday all major regional market including Shanghai, Hangseng and Japan market all went up a lot, but not Singapore. It went down a little bit in fact. why? nobody know what exactly it is so but not only one or two times, Singapore market is trying to go ahead of US market one step, not always but often. As a result, we often don't see a follow-through on the second day in local market, and if this happened, it ususally a good sign for market to rebound. Just like yesterday, local market no momentum to go up at all, and US market went down 50 points at night. let see how does STI go today.
Wednesday, October 21, 2009
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