Singapore Profit

A bubble is forming in Hang Seng stock market, warns the HK Monetary Chief. The Hang Seng Index had risen 40% in 2 months, which I had finally caught on to 15% in a month on my new unit trust, and this clearly shows that there will be volatility soon. The stock prices had risen based on China’s decision to allow their people to buy shares in Hong Kong, but so far, no formal announcement on the date had been given.

With US heading towards a recession, it may affect Hong Kong and other markets. When the stock bubble in China bursts, Hong Kong will be affected.

Is this a cause for concern? Should I keep the money and exit the market now? So far, there have been a couple of false alarms, especially regarding China and India, but it’s starting to sound like the Nasdaq crash.

I guess those who had made significant profits on China should start to lock in some profits. For those who had just jumped on the bandwagon, just be careful and continue to monitor the market closely.

Sarah Tan – SingaporeProfit.com

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