Monday, October 08, 2018

Trade War Brewing


Unless you have been living in a hole or high up in the mountains, you would have heard about the US-China trade war. Not only has it affected the world trades, but it caused ripples effects in the stocks markets, worldwide. Stocks prices have gone south or what pro traders called it, bearish. More significantly, Chinese stocks listed in the US stock markets suffered millions, if not billions of losses. Stocks such as BABA, JD and IQ were hit pretty badly as well. So much so that, there were news saying the big investors were running away from them, selloff. Seems this trade war no where near the end of the tunnel, no light yet. Perhaps, if you are holding some of these stocks, and had bought it at a low, low price, you may want to continue holding on to them, or sell them. Good luck trading!

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