Currently I have invested in Schroder Singapore Trust Cl A, an unit trust that invests mainly in Singapore Equities. You will probably be wondering, why buy during this period where the markets are so volatile due to so many factors like Portugal, weak China PMI, Fed easing of tapering etc.
STI has fallen from its high of close to 3,421 points to the current state of around 3,100 - 3,133 and holding pretty well against the 3,100 mark. I think that this correction of around 8% is pretty much a healthy re-adjustment and we may see a slight consolidation during this period. There are quite a number of reports that actually indicated that STI may break down and reach all the way to 2,800 but my take is the support at 3,100 is pretty strong as it bounced off a couple of times from there.
Looking at the US markets as well, it has been rebounding off the 15,000 mark, trading within range and there are signs that US as a whole is truely recovering since 2007/2008.
While I have avoided HK markets for this period of time, it seems that HK is heavily tagged to the China market which suffered a heavy beating for the past few months.
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