Market update

Investors and traders now finding inclination to the bears. Today we saw most of the Asian bourses falling at moderate regularity with the HSI down 0.36% and 18.14 points taken off from the Nikkei.
In the US markets, the Dow Jones and Nasdaq suffered with their consecutive 3rd day descend over comments from the Fed presidents that further rate hikes may be imminent coupled with weak housing numbers which may indicate that the economy is slowing at a faster pace. The negativity may trigger further drops in days to come. As for now, we hold onto our take on the bears. HAPPY TRADING!

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