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

I have been earning 12% annual interest rate on my USD equivalent deposit with Hodlnaut. If you are interested in how I did it, please read my review about Hodlnaut and sign up if you like Hodlnaut.

FTX is the crypto exchange that I use the most. This referral code (not mine) offers 10% discount when others are 5% only. If you are keen, please read my FTX review

I use Tiger Broker app regularly because of its user-friendliness. If you are keen to try out, please read my review about Tiger Brokers and sign up if you like Tiger.