Singapore shares hit 3-year low

[Garlic]

Source: http://www.channelnewsasia.com/stories/sin.../380695/1/.html

 

Singapore shares hit 3-year low, closing 5.6% lower

By Ryan Huang, Channel NewsAsia | Posted: 06 October 2008 2129 hrs

 

SINGAPORE: Singapore shares hit a three-year low on Monday closing 5.6 per cent lower. This reflected the negative sentiments in other Asian markets. It also comes amid warnings of an economic slowdown for the republic, with unemployment expected to rise.

 

Singaporeans have been warned to brace themselves as the global economic crisis unfolds. Some have already felt the impact and are coming to terms with it.

 

However, amid the negative news, officials said systems are in place to deal with the situation.

 

"Day by day, expenses are going up, it's not cheap. More foreigners are getting job opportunities in Singapore. Locals are afraid what the future will be and what the government will do for us,

[Darth_mel]

Maybe extend prostitution to HDB estates and only employ locals ?

[Albeniz]

SINGAPORE: Singapore shares hit a three-year low on Monday closing 5.6 per cent lower. This reflected the negative sentiments in other Asian markets. It also comes amid warnings of an economic slowdown for the republic, with unemployment expected to rise.

 

Economic "slowdown" with unemployment expected to rise"?

Very careful choice of words.

Edited October 6, 2008 by Albeniz

[Cheekg98]

sell on strength ? usually market v weak on october month ... esp. the USA

[Freestylers09]

now worst in us and europe market

[Cheekg98]

actually now safe to invest in us or europe cos' the market there dropped more than asia ... so probably asia doing the catchup now ...

[Miles]

Dow jones go down another 440 points today,.... i wonder if STI index could go down to as low as 1500 pts.

 

after hitting peak last year at almost 3900 pts, and analyst were talking about 4000 pts... now we hit new low...

[Cheekg98]

someone said STI to fall to 1800 ...

[Dennisk]

There are always up and down, this time round it's going down.

[Freestylers09]

edn of the year maybe 1500??

[Nkps]

when market good, everyone can be analyst.

[Freestylers09]

bottom yet to come..see,now europe..everything think few more weeks can be seen..after these europe saga..think a few more to come..year end also US report on consumer index etc....final important quarter of the year b4 xmas..

[Cheekg98]

if analyst recommend buy at such times ... better don listen

 

we just need a crystal ball .... cos' no one knows where's the bottom

[Freestylers09]

i think worst to come in 2009...this is just the beginning of everything...

 

see..from Fed cut few times to bail out etc...unemployment rate raising etc..sure 1 time come..accumulate till burst...dun noe still got wa bad news to come

[Law_ong]

okie my crystal ball tells me u park ur $$ with me will be very safe...

[Cheekg98]

on the brighter side, we shd see more stability from mid 2009 onwards ...

[Cheekg98]

you dont have enough space cos' yr house already full of your own $$$

[Law_ong]

i got no $ to buy house leh...staying under pple roof...

 

tired dun argue with u, doing reports very tired..