Monday, January 21, 2008

Financial markets bloodbath.

Asia-Pacific financial markets today went into a tailspin and tumbled ferociously to a freefall on the back of investors pessimism over the U.S. government's stimulus plan to prevent a recession.It's another horrible day where double digit losses of stocks hit almost across the board.The sell-off today takes us close to the bottom and it's going to continue wiping off the whole year index gain as depicted on Dow's Friday's failure to sustain its 182 points gain and tumbled into a negative territory.
Today is Martin Luther's public holiday but the Dow index futures is currently trading down a hefty 335 points.Last Friday's closing bell candlestick is a four-legged doji hanging on top of a bullish bar with two shooting stars beside it.This might mean that they have reached the sky and is gearing for another descend.It's going to be gorgeous and will disintegrate again.
The performance of Asia-Pacific Indices:-
AORD. All OrdinariesAustralia 5,630.900 -168.500 (2.91%)
^SSEC. Shanghai CompositeChina 4,914.435 -266.079 (5.14%)
^HSI. Hang Seng .Hong Kong 23,818.86 -1,383.01 (5.49%)
^BSESN. BSE 30India 17,605.35 -1,408.35 (7.41%)
^JKSE. Jakarta Composite.Indonesia 2,485.8789 -125.253 (4.80%)
^KLSE. KLSE Composite.Malaysia 1,408.6 -30.89 (-2.15%)
^N225. Nikkei 225.Japan 13,325.94 -535.35 (3.86%)
^NZ50. NZX 50.New Zealand 3,646.906 -17.449 (0.48%)
ST Index. Singapore Straits Times 2,917.15 -187.10 (6.06%)
^KS11. Seoul Composite .South Korea 1,683.56 -51.16 (2.95%)
^TWII Taiwan Weighted.Taiwan 8,110.20 -74.45 (0.91%)