As I have expected, the Singapore’s stocks market headed south today (on 27 January 14) in a similar fashion after US stocks headed down by an average of 2% on last Friday (24 January 14). When the US markets became euphoric in December 2013, I know that there will be a correction in the US markets at some time like what we saw on 24 January 2013. I have also known that investors’ confidence will be jittery whenever the US Federal Reserves meets but for this time round, we have concerns over the perceived slowing economic-growth of China coinciding with the meeting of the US Federal Reserves too.
On last Friday morning of 24 January 2014 (Singapore time) before the US stocks went south and induced Singapore stocks performance of 27 January 2014, as what I have shared with you readers, I sold off my Hutchinson Ports Holdings (HPH) stocks ......