Friday, May 22, 2020

Singapore Market Worry - US-China Worrying Tensions

The US and China tensions are mounting today. With Beijing moved to impose a new security law on the city after last year's pro-democracy unrest, risking fresh protests and further straining fast-deteriorating U.S.-China ties. The market reacted strongly to this news where STI was down -48 points and HSI was down -846 points. It was fear and the Top 30 Stocks in the SG market was just stalled and couldn't moved. Most stocks were battered down and the trade tensions escalated further with extreme fear. I am especially cautious when I trade and will only take good signals. Stay safe and be cautious.

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Ronald K - Market Psychologist - A Stock Market Opportunist