Market action (7 Sep 2021, Tues)
SG(risk-on) HK(risk-on) CN(risk-on)
| Stock index | Daily change |
|---|---|
| HongKong Hang Seng Index | 0.73% |
| Singapore Straits Times Index | 0.24% |
| China CSI 300 Index | 1.20% |
| Australia ASX200 | 0.02% |
| Japan Nikkei 225 | 0.86% |
Just 3 trading days ago, I was worried about the weakness of the China stock indices. Looking at the major China stock indices over the past 2 days, the bull is coming back to the China stock market. Shanghai composite (SSE) index is particularly strong. The past 2 days were consecutive strong up days (more than 1%) for the CSI300 and SSE index. It is now safer to get more aggressive with buying Chinese stocks.
Action for China market (risk-on):
- Start looking actively for buying opportunites.
- Buy when good stocks appear on watchlist and price is within buy range.
HK stock indices performed well for past 2 days, similar to their China counterparts. Good enough that I initiated a position into the Hang Seng Index through 2800.HK ETF. It is now safer to get more aggressive with buying HK stocks.
Action for HK market (risk-on):
- Start looking actively for buying opportunites.
- Buy when good stocks appear on watchlist and price is within buy range.
STI saw positive performance in past 2 days, though not as strong as HK and China.
Action for Singapore market (risk-on)
- Start looking actively for buying opportunites.
- Buy when good stocks appear on watchlist and price is within buy range.
- Get the stops ready and sell remaining stocks in portfolio on weakness.
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