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Sunday, December 30, 2012

Weekly Wrap

STI hit 3190 target this week, closed at 3191.8, mission completed... for the week, it's obvious that money flowing into Asia and out from the US, as shown in below table. The only major factor will influence market direction is the US fiscal cliff...which due in one day time, beginning from 2013.

The Shanghai market continue its bullish upward move, more upside is expected. it seems 2013 will be a bullish year for the Chinese market, quoted from various analyst reports.
We are heading towards holiday season coming week, Mon 31st Dec will be our last trading of the year 2012.  STI will open half day(closed at 12.30pm), and close on Tue for holiday.

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