We are into the first day of trading on the new year and what we get from the market was a blood pool sea of red, mainly impacted by the share price decline led the blue chips such as banks, telcos and developers. The STI ended -47 to close at 2,835 but there's a strong sentiments that 2016 is going to be much cloudier than what the stock market presents at the moment.
The Shanghai index leads the fall in today's Asian market session as it went to drop beyond 7% before the circuit break takes effect and the market went in halt for the day. The news quickly spread across the Eur and US market as we are seeing almost a negative 300 points drop on Dow, so there might be a chance after all that we get another black Monday so soon after what happened late last year.
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