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Daily Market Opinion for 25-June-2013
By Jay Chia - Your Financial Mentor  •  June 25, 2013
Daily Market Opinion for 25-June-2013

Daily Market Opinion for 25-June-2013

STI started the week with another round of selling spree as the China market crashes to its new low. Reports of China government not freeing the already tight financial policy had caused the market to slide in protest as the China economy continues to face liquidity crunch. The opening of STI was lower and it attempted to rebound in the morning session, reaching as high as 3117 level. However, the rebound failed to materialise further when HSI open with a bearish note. Selling pressure was seen thereafter which caused STI to slide downwards and closes at 3074 level. The total bloodshed for the day is 50.14pts down. Last night, DJI also reacted bearishly and was down by 139.84pts. Will STI be able to sustain at its current level or will there be further downside room today?

STI failed to confirm its bullish counterattack ...

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By Jay Chia - Your Financial Mentor
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