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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