Asian Stocks are tumbling, by around 2% average !
Reason: The Dow has fallen by 1.97 %…..Reason Dow fell was there were concerns about U.S. sub-prime lenders, who are providing mortgages to people with poor credit. Of course, if they fail, the lenders’ / banks / financial institutions might be in a mess…… So the Dow fell….
But what is truly surprising is why 7+ Asian stocks fell…..phenomenon being a “domino-effect”….Of course, IT IS A GLOBAL MARKET (at least when you’re dealing with stocks, of course). But the fall, IMHO, was a local U.S. phenomenon.
Question is : What effect can this have globally? The Asian markets have strong fundamentals, so there should be no cause for worry.
Reason: The Dow has fallen by 1.97 %…..Reason Dow fell was there were concerns about U.S. sub-prime lenders, who are providing mortgages to people with poor credit. Of course, if they fail, the lenders’ / banks / financial institutions might be in a mess…… So the Dow fell….
But what is truly surprising is why 7+ Asian stocks fell…..phenomenon being a “domino-effect”….Of course, IT IS A GLOBAL MARKET (at least when you’re dealing with stocks, of course). But the fall, IMHO, was a local U.S. phenomenon.
Question is : What effect can this have globally? The Asian markets have strong fundamentals, so there should be no cause for worry.
It is surprising to see the fall of the Nikkei 225 (2.92%), Shanghai Composite, Sensex(3%), Sydney's S&P/ASX 200 (2.1%), Singapore's Straits Times(3.17%), S.Korean Kospi,(2%), Hong Kong's Hang Seng (2.8%)…..
My financial consultant Mr. Debajyoti Dutta-Roy asked me to wait for a further fall to buy some blue-chips....this guy's delivered in the past, so I'm heeding his advice
