US Fed is about to convene the December meeting and all eyes are on it expecting US Fed will stay defiant to raise a quarter of a percentage upon the concerted attack from White House, not only from President Trump , but also form White House economic Advisory Office.
This certainly made the market pretty nervous. In addition, UK online fashion website ASOS issued profit warning in 2019, which resulted in heavy sell off from the market, down more than 37% in just one day. The wider implication is Christmas rally this year becoming more elusive and unreachable.
As a consequence, US Dow Jones slumped 507 points, down 2.11% this morning. As for Asian markets, Heng Sang recorded the lowest turnover in 2 years, shedding 6.8 points and Shanghai stock remained above the water hoping President Xi would address the Nation about new measures of reform in celebration of 40th Anniversary of Chinese Economic Reform.
As markets continued to suffer heavy sell off, investors are asking if there are any investment tools to manage market risk?
Our guest, Independent economic analyst and strategist, Dr Po Man Chan will explain.
