Panic selling across region after Bernanke's speech and weak economic data.

It was a nervous week last week as market participants anticipated for Ben Bernanke’s speech on last Wednesday night to decide on their investment strategies. The opening for the week was flat on Monday but on Tuesday, rumours of the Fed chief might slowdown its bond buying might ease off started to surface. This sends some profit takers to exit the market on Tuesday. However, the market struck off this rumour and recovered on Wednesday with attempts to break a new high before Ben Bernanke’s speech. Hell started to break loose on Thursday as the market reacted very strongly to Ben Bernanke’s comments of the possibility of easing its QE policy if there are improvements with the labour market. Weak economic data in China had also send the China and Hong Kong market down; but the worst performer was ...