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Another whacky day, stock rebound in the market slightly and then down again.... HSI : -76.26 Nikkei : -73.20 China : -32.787 KLSE : -17.25 STI : -34.07 Wall Street's slight pullback may give investors more reason to avoid Singapore shares, with sentiment already hurt by China's efforts to cool its economy. Investors may also be reluctant to take positions before outcome of FOMC meeting due tonight. Still, downside may be limited considering yesterday's steep falls, with STI closing down 2.5% at 2-month low of 2740.33; initial support for benchmark at minor trough of 2729 set in November, followed by 2700, while any upside unlikely to challenge 2800. "The main issue for the market now is still China. The retraction in prices so far may be good for people wanting to buy, but we're telling our clients to wait for more clarity in the market," says dealer at local brokerage. This message was edited by ahpuiahsan on 27-Jan-2010 @ 5:09 PM
This message was edited by ahpuiahsan on 27-Jan-2010 @ 9:29 PM
Life's like a box of chocs, you'll never know what you gonna get. I didnt know, but when you walked into my life, i just knew i'd gotten the sweetest box...
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