There have been strong volatility in the local market as we saw big drastic movements in the recent weeks. Daily STI could swing 1%+ up or down. It is evident that the increase in global volatility and swings were caused by the announcements made by key players in the financial world.
One of the announcements came from Federal Reserve Chairperson Janet Yellen who kept interest rates unchanges but remains wary of the fluctuation in oil prices as well as the global economic developments, particularly in China.
With the wide news coverage of China's economic performance, it is not unusual to know that China's economy is not performing as well as it used to and is slowing down at an alarming rate (Although it is still outperforming Singapore's growth; 3% compared to 6.5% in China).
So now what is this big hoo-hah with China's economy that is worrying most of ......