Paris attacks

We are sorry to hear about what happened in Paris. Condolence to the victims and their families. For those who are in Paris, please stay safe.

Overnight Dow Jones closed down 202 at 17245. With weaknesses in market and what happened in Paris, we think market sentiments is no good and another round of selling might begin.

Hang Seng Index closed lower on Friday despite the news of recommendation to buy MSCI Hong Kong sent the market rallied 536 points on Thursday. HSI closed down 2.15% at 22396.14; November futures closed at 22319 (-586). Range of the week for futures was traded between 22243-22988 (745).

We expect market to open lower on Monday. Near support is 22000. If HSI unable to hold above 22000, further support is 21600. On the upside, 22400 is near resistant.

KLCI Index closed at 1658.91 (-4.29) while futures ended at 1654.50 (+2.50). Futures was traded between 1632.50-1691.00 (58.50) for the entire week. Resistant for KLCI is at 1675. On the downside, support for KLCI is seen at 1625, next 1590.