Europe and Dow were sharply down again on Friday. Dow closed -168 at 16346. Trend of Dow is down. Dow's future at the moment is +55. Europe opened marginally up.
Asian bourses were mostly sharply down. Nikkei-53, ShanghaiC -168, Hangseng -565. STI closed -39 at 2713. Volume was 1.9b shares. Gainers were 105 to 351 losers.
Trend of STI is down.
Top volumes were LionGold -0.1, ChinaSports +0.6, Annica unchanged, Noble -0.5, Ezra -0.7, Elektromotive -0.1, GoldenAgri +0.5, Albedo unchanged, Alliance Mineral +1, TigerAir +0.5.
STI opened down and fell further to stay around the 2700 level. It regained some lost ground in the last hour on short covering. Blue chips were mostly down led by the banks. The general market was weak.
Europe and Dow's future is firming up at this moment. Looks like there will be a technical rebound tonight.
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