Straits Times Index reversed its trend after Fed's announcement.

The market had been concern of US Fed meeting’s outcome last week as many anticipated changes in the policy. The first 3 days of the week were seen with mixed feelings as many speculated the kind of policy changes that the US Fed government will decide. On Tuesday, Straits Times Index hit a low of 3206 level as some anticipated bearish news. However, with hints from the 1^st day of the meeting, STI is able to recover the lost grounds and head back above 3220 level. On early Thursday morning, the Fed government announced that it will terminate its bond buyback policy, which brought some questioning by the market. But after a day of digestion of the information, the market realised that it was a good move and were encouraged to enter the market. STI broke multiple levels of resistance ...