Sunday 20 December 2015

Dow tumbled 367 points

We were away for a beach holiday and lost touch with what happened in the market this week. We just knew Dow Jones closed down 367.29 points @ 17128.55 on Friday closing and finally the US interest rate is raised after months of talking and speculating.

Hang Seng Index had a wild swing in the past one week. After broke below 21000 on Monday, the market rebounded to above 22000. Cash market closed @ 21755.56 (-116.50) and spot futures dropped 37 points, ended at 21787 on Friday evening. Range of the week for December futures was between 20985-22009 (1024).

KLCI Index closed at 1643.90, down 12.62 points while December futures finished at 1642 (-18). Range of the week for spot futures was between 1607.50- 1663.00 (55.50).


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