Life Pak
My view around me.

Stock Market Woes in Asia a day before the US Fed decision

Asian share prices fell in early trading on Monday as investors turned cautious ahead of a crucial Federal Reserve meeting in the United States. Last week’s nerve-wracking rollercoaster saw global equity markets toppled by growing despair over the US economy earlier in the week and then lifted by a US$150 billion stimulus plan agreed by US legislators and the White House.

But investors were on edge as they sifted through French bank Societe Generale’s trading scandal. On Sunday, the bank defended its handling of the world’s biggest trading scandal but admitted its risk systems had failed to detect a 50-billion-euro market bet by a lone trader.


One Response to “Stock Market Woes in Asia a day before the US Fed decision”

  1. The market has been so volatile to a point a comment made by a anaylst friend of mine said, “a 24hr investment is considered a long term investment.” IMHO 2008 will be a bad year to play with the market.

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