The regional markets are still coming down with Hong Kong plunged 1914.73(-8%), Japan down 696.38 and Singapore dropped by 140.87.
The investors should get the buy list ready and should enter the market to start buying when the regional markets stage a rebound.
Why the markets come down?
Because the investors are concerned of the high prospect of US moving into recession. It was reported that the investors were not happy about Bust's temporary USD 145bn fiscal stimulus plan
The KLCI closed at noon at 1352.36(-56.24), already breaching the support of 1355. Hopefully, it would rebound and close above 1355.
I believe if the Fed were to announce a cut in the interest rate, the global markets would stage a strong rebound.
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