Market action 12Aug2021 (Thur)

HK -> risk-off. SG -> risk-on. CN -> risk-on

Following the worrying reversal bar at STI yesterday, Singapore portfolio suffered some damage. One of the winners in the portfolio, Geo Energy, tumbled down 11% today. This is the first warning sign for Singapore market.

HSI closed -0.48%. CSI300 closed -0.84%

Action for Singapore market (risk-on)
- Stay in the market
- Market showing weakness. Get ready to sell if further weakness persists
- Look out for opportunities to buy

Action for HK market (risk-off but seems like going to switch soon):
- Start to look for buying opportunities
- Continue to demand higher quality when buying

Action for China market (risk-on. Go light first)
- Start to look buying opportunities


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