Asian Stocks Set to Slide as Slowdown Fears Grow: Markets Wrap
Asian stocks looked set for declines after U.S. equities fell and Treasuries rose following disappointing American data that increased concerns about a global slowdown. Futures pointed lower in Japan, Australia and Hong Kong, with markets in China and South Korea closed. Earlier, the S&P 500 suffered its first back-to-back drops of more than 1% this year as private payrolls fell short of estimates a day after a manufacturing gauge slumped to the lowest in a decade. The hiring numbers pushed the 10-year Treasury yield lower for a fifth straight day to 1.6%. The yen rose versus the dollar and gold climbed above $1,500. FEAR CONTINUES
- As global debt have increased the bubble have started.
- As traders we should be fearful and cautious now
- We have asked all our FINWAZE Traders to be cautious and be conservative trading the market now
- Buy only if you see THE VALUE OF THE COMPANY IS CHEAP based on “Value Investing” Concept
Article by: Strategic Coach & Mentor – Stock Market Philippines