On 25 August 2008, Asian markets are looking at a very favourable rebound following Dow Jones Industrial Index’s rally last Friday. Straits Times Index, STI, the market for Singapore opens on a positive notes climbing more than 20 points, however after some pressure coming from profit taking or selling into strength, STI rose by 10.15 points or 0.37 percent.
The most notable recovery came from Hang Seng Index, HSI, the index reflecting Hong Kong market, with a positive 712.73 points or 3.5 percent increase.
KLSE, the market for Malaysia was in the minority as it slided slightly by 6.87 points or 0.63 percent.
Sensex, the market for India ended rather flat with a slight increase by 48.86 points or 0.34 percent.
The recovery was clearly sparked by Wall Street gain last Friday. It is most likely be on the negative note on the following trading session as Wall Street’s DJI is currently within deeply into the negative zone dropping a total of 224.47 or 1.93 percent following a very negative data by worries from financial sector and properties or real estates putting on sale are at its all time high in the month of July.
The markets following the closure of DJI could fall significantly.
All above are of personal opinion and not at all an inducement to trade.