Look at these indices!!! It will be crazy tomorrow morning on Wall St. http://finance.yahoo.com/intlindices?e=asia
My main concerns are Nikkei and Hang Seng, with these two pulling back so badly, traders will be hard pressed to divert money out of US markets to cover their margins etc.
Yea, the markets are fucked tomorrow. Man, I wonder what Presidential candidate has the most monetary policy experience and is a renowned expert in a particular school of economic thought. Surely such a candidate would have seen this coming, and have ideas on how to turn it around.
Well markets are going down and down. I am from India and yesterday Indian makets BSE down intra day high of 2000+ but manage to comeback and close in Down with 1400+ point. Today when market is opened, Market was closed by SEBI due to -2069 points. But now Market is ecovering from it but still down and points -1098 at the moment. Other Asian Markets also down.
Overall Asian market seemed recovering at some point but look to be dropping again, I think all eyes are on NYSE now.
Well I think it takes some time to recover from this lost. This is just because of US markets are down and now US big players pull out money from Asian Markets. In India, one more things which effect on markets is Reliance Power's IPO which is over subscribied now and people invesr funds in this IPO. So they also put out money from stock exchange.
Worse is that China and Japan are also pulling out of NYSE, they need to cover margin calls too. So as both sides withdraw to cover their margin calls etc, the markets looks set to dive, touch wood. Reliance's a giant so their IPO will definitely suck a lot of liquidity out for the time being.
Yeap the PE ratio is still ridiculous, some way to go, just hope it go gradually rather than the likes of today.
Yes Reliance is gain one. At the moment price is suggested to 450 Rs but all exeprts suggest that it will be listed over 1000 Rs. Also Reliance Power shares can bring a good moments in Indian stock exchanges. Latest: SENSEX 16,706.58 -898.77 -5.11 Still 10 mints to for close.
I wonder what the effect will be in the EU. US tourism and purchases are down due to the low dollar. It may even turn out to be a buying opportunity for Europeans.
EU trade with the USA is still predominant, London's Black Monday is an illustration though of course UK is more exposed to USA than the rest of Europe, still the effect will be significant. The low US dollar is a buying opportunity, Asia, Middle East and Europe alike. Though we see much more money flowing in from Asia through Singapore at the moment.
Well Indian economy is very strong. This down is not much realted to US. It's partial depends on US markets because of FII invetments. There are few home reasons too behind this like - Low US Conversion rates, - Reliance Power's IPO. - Much needed correction. Morgen Stanly was expacting 2000 to 3000 down and it occurs now. It should be up once a Reliance Power share listed.
The correlation between Indian stock market and USA is not that strong, so they may be less affected but still affected nonetheless.
Yes I pointed as Partial depends on US Markets. It's trend to any Asian Markets. It's a very sad days for any Asian Investors because they surly lost huge money in thie meltdown.
Nope, those like Singapore and Australia markets have a very high correlation to Wall Street, they will suffer more. But I guess the typical Asian investors lost a great deal just today alone.