ASIAN bourses wrapped up a tumultuous week on a sombre note on Friday, after they struggled - and failed - to hold on to early gains.
It mattered little that US stocks gained overnight as the cocktail of risk factors - volatility in Chinese equities and the yuan, fear of global recession, slumping oil prices and currency wars - continued to weigh on sentiments.
OCBC Investment research head Carmen Lee said: "Volatility is likely to persist, due to several key uncertainties. Besides the Chinese market rout, oil price continues to head lower with some recent market experts projecting even lower levels of US$15 to US$20 per barrel."
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It mattered little that US stocks gained overnight as the cocktail of risk factors - volatility in Chinese equities and the yuan, fear of global recession, slumping oil prices and currency wars - continued to weigh on sentiments.
OCBC Investment research head Carmen Lee said: "Volatility is likely to persist, due to several key uncertainties. Besides the Chinese market rout, oil price continues to head lower with some recent market experts projecting even lower levels of US$15 to US$20 per barrel."
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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