1. JMH 400US$ +0.500
The top 5 loser component stocks were :-
1. Jardine C&C -0.440
2. CityDev -0.400
3. JSH 500US$ -0.300
4. HKLand US$ -0.160
5. UOB -0.140
5. SIA -0.140
5. DBS -0.140
US markets closed negative yesterday night with both Nasdaq and S&P500 both down at least 1% after disappointing result from Goldman Sachs which led to selling off of banks and technology stocks. Asian bourses took the cue and traded in negative region for the day and the selling off accelerated after China released its inflation and GDP figure. Inflation came in 4.6% down from 5.1% while GDP was 10.3%. Though inflation was tamed but the fast growing economy worried investors that China Government can now focus on curbing inflation by introducing more tightening measures. That sentiment hurts the markets. Nikkei closed -1.13%, SSE -2.92% and HSI -1.70%. STI in line with regional bourses closed -1.13% with only 1 of the component stock managed to close positive. Immediate support at 3,200.
