The news on Dubai debt delays on last week cause the world stock markets to fell with a quit significant amount. Is this the indication that the world financial crisis is not ended?
HSI (Hang Seng Index) felt 1075.91 to 21134.50 (-4.84%), SSE (Shanghai Stock Exchange) felt 74.72 to 3096.26 (-2.36%) and (DOW) Dow Jones Industrial Average felt 154.48 to 10309.92 (-1.48%).
Luckily Malaysia was having holiday due to Hari Raya Haji celebration on last Friday, therefore FBM KLCI is not affected at this moment.
What will happen to FBM KLCI on Monday? I guess there will be a lot of people panic selling their shares to have some cash on hand. I think I will wait and see and buy on dip on those good fundamental counters especially blue chips.
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