The Edge Singapore quoted "While the US, Europe and Singapore markets still down from their highs of late 2007, you'd think that 1H08 is shaping up to be sobering phase. But guess which two markets are hitting new highs? Malaysia and India markets"
KLCI closed at 1,516 last week, up 37% over the past year. I think it is the result of the talk of election is just round the corner and the traditional pre-Chinese New Year rallies.
MRCB gained 19% to 3.04 and AnnJoo rose by 17% to 3.36 from my previous post. With high oil price, and likely recession in the US, I think it is still a volatile market, so fasten your seat belt and enjoy this short term rally.
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