In wall street session, the 3 major indices namely the Dow Jones, Nasdaq and S&P 500 closed at a new record high again. Today the Singapore GDP unexpectedly contracts as manufacturing faltered as companies experience a labour shortage and exports drop amid an global recovery.
The Straits Times Index opened lower at
3307 and it is currently trading at 3311. We see that Asian Stocks
may be doing some profit-taking today as the Japanese Yen Strengthen,
China Rebound at risk if China Premier curbs government spending and
the North Korea missle launch issue. We will be cautious at today
trading and may further research on profitable company with
attractive dividend yield and penny stocks as well.