Watch the European Stock Markets
In yesterday’s trading on the Singapore Stock Exchange (Mon, 17 Sep), the STI fell by 33 points in just 30 minutes after 3.30 pm. (Source: The Straits Times, 18 Sep 2007) This could be due to reaction to the European stock markets which opened about 3 pm – 3.30 pm (Singapore time) after us.
The financial problem of Northern Rock, Britain’s fifth-biggest mortgage lender, affected the London Stock Exchange yesterday. The FTSE 100 index declined on Monday morning (London time) and this dampened sentiment in Singapore stock market when trading in late Monday afternoon (Singapore time).
This shows the inter-connectedness of stock exchanges of the world. Sentiments in stock exchanges of the west can have a spill-over effect in this part of the world. If you are watching your stock investments, it may pay to take heed of the stock exchanges that opened for trading after us.
Information on major stock exchanges indices can be obtained from the internet, e.g. Reuters, Yahoo! Finance.
Written on 18 September 2007
Copyright © 2007, the author known as LKT in Singapore.
The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.