Asian markets tumbled again today following US' sharp declines overnight. Nikkei opened at 15065, Kospi opened at 230.75 and Hangseng opened at 26444. Nikkei touched its lowest price yet for almost a year at 15020. However, it rebounded back up to close the day back at 15200.
The Kospi opened at 230.75 and it went down further to 229.30 before it rebounded for most of the day. I took the chance and get a BUY when it touched 230.00 in the morning and I did not wait long to lock in my profit. True enough, the market had a technical rebound today after losing so much for the past week, losing more than 15.00 pts overall. Kospi price ranged from: 229.30-237.20 today.
Hangseng opened only lower by a bit I think because the other markets have began its rebound course. It opened at 26444 and it went up and down for the first few minutes of the session. It went down to as low as 26125 before it went on its rebound course to 26985 and closed at 26732 in 1st session. 2nd session opened at 26645 and it's interesting to see that the market kept pushing upwards to make Hangseng rose up again and play around 26800ish before closing the day at 26724. Hangseng price ranged from: 26125-26985 today.
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