Today is the first day of looking at KLCI after one week of holidaying in Taiwan but it was a disappointing sight, in red and losing 1600 level.
The market is slowly pulling back after months of heavily traded. At this moment the KLCI is down from 1600 level, i think it will stay at 1500 level for awhile. Unless there are any surprise news to push the market momemtum to higher level.
With western markets having bad news one after another, chances for KLCI to hit higher level in short term is not easy.
Hopefully our election theme is still hot.......
黄金爱乱世
16 hours ago
Like any emerging market, the KLCI will be greatly influenced by what happens in the West. I think that every time the Euro crisis heats up, for example, it will affect things globally. I think the bigger issue is that compared to 10 or 20 years ago, the overall correlations between global stock markets is much higher.
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