Market tanked again today, following China bourses that dropped more than 7% which triggered the circuit breaker at Shanghai and Shenzhen.
From a STI high point last year at about 3550 pts, till the current 2740 pts, STI has dropped by 23%. As of now, it has broken the previous low of around 2770 last Sept.
Some of its component stocks fared even worse. Keppel wrote a new 52w low today, at $5.91 or 5% lower than previous 52w low of $6.2; Sembcorp broke its key support $3, currently at $2.76.
So what would the majority of retail investors, the young PMETs, uncles/aunties, relatives, taxi uncle that your encounter daily, do in view of the blood bath this few days?
I think they will be very frustrated assuming they are vested, and quite panicky at this moment. After all, its not fun staring at big loss in ......