My overseas equities holding has dropped from 26.5% to 26.1% of my total value of equities. It may reduce even further by my time tomorrow morning when the US market closes as the futures are showing deep red now. Actually the S&P 500 and Nasdaq have been doing quite well this week, but so has STI. The local index also rose about 3% this week, buoyed by the rising share price of the 3 local banks, which in turn were supported by the rise in interest rate (as seen in the 10 years Treasury Bond). But my overseas holding dropped also because I took the opportunity to trim off some of my peripheral and more speculative US counters. The volatility in the US market was really scary to me. But as they say, one man’s meat is another man’s poison. I am sure this volatility would be perfect playground for those full time traders...