China results has caused many markets indexes to plunged from 3pm (Sg Time) onwards.
The next important data will be US ADP Nonfarm Employment Change (Aug). But it is expected to be below expectations, no one knows for sure.
For client who are seeking to buy, i suggest to wait for approximately 2700STI, or at any price that you are comfortable with. Aim for blue chips first for long term investment, or any really good mid cap stocks.
For clients who are shorting, please remember to cover back within the same day.
This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.
