Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

The market seems gloomy....

Reply
barry_1
Super Contributor
Probably nervousness about the appointment of our new socialist leaning president,plus the inability of the Americans to take bold steps to help relieve some of their crisis....Then there was a run on an Asian bank not a good sign....what to do,what to do?
0 Kudos
10 REPLIES 10
scandal
Super Contributor
a run on an Asian bank? care to explain?
0 Kudos
scandal
Super Contributor
me thinks that most people might be looking for the dow to close the gap this morning hence the jitters
0 Kudos
barry_1
Super Contributor
i saw the headline on CNN money,they have since removed it and relpaced all negative news,cannot find any reference to it now.
0 Kudos
barry_1
Super Contributor
i saw the headline on CNN money,they have since removed it and relpaced all negative news,cannot find any reference to it now.
0 Kudos
john_1
Super Contributor
there was a run on a hong kong bank.
0 Kudos
barry_1
Super Contributor
thank you John,i could not find it again and felt terrible,hate to have posted something i could not verify!
0 Kudos
CrownA
Super Contributor
go look on www.bloomberg.com - there is a article on it there..
0 Kudos
doomsdayza
Super Contributor
http://news.bbc.co.uk/2/hi/asia-pacific/7634895.stm Couldn't find anything on Bloomberg. Looks like they've had a cash injection though.
0 Kudos
moneycat
Contributor
there is a link to the article from moneyweb. Below is extract: Li Ka-shing has proved again he's the Warren Buffett of Asia by stepping in to back Bank of East Asia as investors and depositor confidence in the bank slumped.
0 Kudos
Not applicable
The deal has not been made just yet, the market is rallying on anticipation. $700Bn is a great deal of money.
0 Kudos