Dow Jones fell heavily today and for the last 6th consecutive day with 34% of listed companies in heavy correction mode. Whereas MSCI Asian index painted a bleaker picture. Most figures seemed to point at the sudden arrival of bearish market.
In Asian Pacific region, A Shares tried to maintain positive momentum after Government’s policy intervention , but Hang Sang was still struggling, shedding more than 900 points the last two trading days,
Across the Atlantic, European markets were dragged by Brexit concern and an uncooperative Italian Government, putting EU’s financial reform in danger; whereas Dow Jones suffered heavy loss this morning due to increasing concern of tariff hike outlook cutting the edge of corporate profit margin, and sudden US Commercial Department’s move to initiate an anti dumping investigation on imported Chinese steel wheels.
So how’s the markets likely to fare in the near and medium future? Independent economic analyst and strategist, Dr Po Man Chan will shed some lights on this issue today.
