Stocks in emerging economies like India, China, HongKong, Taiwan, Brazil, Singapore are trading soft for the past few days majorly with weakish bias primarily due to huge vertical run up after US fed cuts the interest rate first time after subprime crisis, also stocks are soft due to record high crude oil prices which are currently trading very close to US$100/barrel, gold is also trading at it's 28 year high. Also with huge liquidity taking a breather for a while, stocks are expected to remain soft for a while.
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