$CityDev (C09.SG)$$JMH USD (J36.SG)$$Jardine C&C (C07.SG)$$A...

HSI drops more than 700 points. The STI stocks are scared and follow them to sell when Hong Kong stocks are already at all time high from 16,000 points to now 20,300 points. Those who bought them in July and August are already in big profits. They are cashing out from Hong Kong market. The geo political tensions between USA and China will have an impact on the HSI and will keep a lid on its rise. SG stocks will still be a safer bet, as SGD is defensive and strong compare to HK dollar that is volatile.

Do take note that the foreign hedge funds are not “vegetarian”. They won’t be putting so much money into Asia for asian people to make money like last time before US-China trade war. This is my view.