As mentioned yesterday, it is going to be a volatile day:
This is just the morning session. We will know whether this volatility continues until the end of the trading session.
There are people who are willing to buy and they are people who are scared due to mixed bull and bear news. Volatility is the result. But this only shows the 30 Bursa index shares.
Closing Update:
Classic opening with fear (bear) factors, followed by bargain hunting activities from 9.30am to 10.00am. The uncertainty phase is domainated by news of US accusing China for exporting toxic material. Since HK is not influenced by this news after an hour of opening trading, Bursa charged on from 11am to 11.30am. After that, series of profit taking activities were taking place until closing. The morning session is volatile but the afternoon session is not.
US will need to face falling USD problem tonight. Usually commodity prices will go up as a result followed by surge in equity unless there are more bad news.
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