Another blog by Boh Tong the ex- SIA cabin crew: A bad start for the world stock markets in 2016

Monday, January 4, 2016

A bad start for the world stock markets in 2016

China's weak manufacturing data spooked the stock markets around the world and sent their shares plummeting. Shanghai lost 7% on the first day of trading for year 2016. Tokyo and its Asian counterparts all did poorly today.
Tonight will see the Dow nosediving too. It's a bad start for 2016 both politically and economically for the world.
Iran has cut off diplomatically ties with Saudi Arabia over its execution of a pro-Iran Shite clergy leader in Saudi. The execution have triggered angry protests and violence in Iraq, Pakistan and other pro Shites countries.
Lets see how the Dow perform tonight.

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