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Chan Yan Chong
Dr Chan Yan Chong is a renowned investment expert with many accolades under his belt. He is currently a regular media columnist, and is frequently invited to give opinions through newspaper, radio, television and magazines, both locally and overseas.

No. of Articles : 200
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Is Cash King In The Current Market?

The US Federal Reserve meeting on interest rates is scheduled for the 15 and 16 December. Since this article is written prior to the meeting, I do not yet know the outcome of the meeting.

  • 18 December 2015
  • Dr Chan Yan Chong
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    Dr Chan: Caution; US Rate Hike Will Hit Singapore Market Harder

    The Straits Times Index rebound in October, then down again in December, trending much differently from that of the US. Notwithstanding the likelihood of interest rate hike, prices of the US corporate stocks (beside oil and energy stocks) are on the whole performing well. Raising interest rate may not affect the US stocks much, but it will hit Singapore stock market harder. The rise in the US interest rate will lead to outflows of hot monies from Singapore to the US, hurting the Singapore stock market.

  • 14 December 2015
  • Aspire, Thought Leaders
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    Dr Chan: Buy High Dividend Stocks Despite Looming Rate Hike?

    On 18 November, the US Federal Reserve disclosed the minutes of their rates meeting in October, which showed that most of its members were inclined towards raising interest rates in December this year.

  • 04 December 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    sg-issue432-profchan-11-320x237

    A-H Divergence Continues; Trade Directly In A-Shares

    The terrorist attacks in Paris stunned the world. Terrorist attacks are usually supported by elements from within the victim country. According to news reports, the perpetrators of this atrocity included French nationals born and bred in France. Why did these people become extremists?

  • 20 November 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Dr Chan: 13.5 & End of One-Child Policy; Buy Policy-Driven Stocks & Healthcare

    Wall Street rallied on the first trading day of November, with the Dow Jones Industrial Average rising to 17,828 points, just 2.8 percent shy of its all-time high of 18,351 points.

  • 06 November 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Dr Chan: OBOR Presents Opportunities; 4 Potential Chinese Sectors

    On October 5 this year, the 12 participating countries of the Trans-Pacific Partnership Agreement (TPP) reached a preliminary agreement. Conspicuously missing among them was China.

  • 23 October 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Dr Chan: 3 Keys To Surviving A Stock Market Crash

    Since April this year, the stock market has been trending downwards from its peak, and has been throwing up scary moments every month. After the Straits Times Index fell below 3,000 points, panic spread, and people were calling for help and advice.

  • 09 October 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Chinese Yuan To Devalue By At Least 10%?

    When I attended an investment seminar in Singapore on 12 September, it was interesting that most of the audience’s questions revolved around the Chinese stock market and the Chinese yuan.

  • 25 September 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Buy High-Dividend Blue Chips If Market Crashes

    What I am most worried about now is still the issue of a US rate in September, so I suggest investors to stay on the sideline for now. Investors who are losing sleep over their stock holdings may wish to convert some into high-dividend blue chip stocks. For long-term investors, the rise and fall in share prices is just a paper game of their net worth. I always advise investors to switch to blue chips in a market crash. I view share prices as just numbers on the computer, while dividends are what I have in my pocket to spend as I like.

  • 10 September 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Hold Off Your Excitement As Yuan Devaluation Sparks Stock Market Rout

    On 24 August, the global stock market went into a free-fall mode. The Dow Jones Industrial Average shed 588 points (3.6 percent) at closing after plummeting more than 1,000 points at the open.

  • 28 August 2015
  • Aspire, Dr Chan Yan Chong, Personal Finance, Thought Leaders
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    Singapore’s Economic Transformation; Where Will She Stand 50 Years On?

    On 9 August 1965, the Republic of Singapore was thrust into existence abruptly, having been booted out of Malaysia. 50 years later, Singapore has transformed into a wealthy country with a per capita gross domestic product that is ranked third in the world.

  • 14 August 2015
  • Aspire, Dr Chan Yan Chong
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    Chinese Market To Normalise; SHCOMP Forms Resistance At 4,000 Points

    With Greece’s debt issue somewhat resolved and an Iran nuclear agreement reached, investors should shift their attention to the US Federal Reserve meeting to be convened on 28 and 29 July.

  • 31 July 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Chinese Market’s Wild Ride: Stay Calm As Outlook Remains Optimistic

    China’s stock market had been rising sharply after the Shanghai-Hong Kong Stock Connect scheme was officially launched last November.

  • 16 July 2015
  • Dr Chan Yan Chong
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    Will This Be The Last We See Of Chinese Market’s Wild Swing?

    As expected, the US Federal Reserve did not raise interest rates at its meeting on 17 June. The content and tone of the post-meeting announcement was also mild, which helped to cool down the expectations of a rate hike and also served as an advance notice of a slower pace of rate hikes next year.

  • 03 July 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Chinese Stock Market: Miracle Or Bubble Trouble?

    There is a saying that has been floating around the Hong Kong stock market for many years “Poor in May, despair in June, revive in July”. This is much akin to the adage “sell in May and go away”.

  • 19 June 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Prof Chan

    Bull Run Can Be Further Capitalised

    The US Federal Reserve (Fed) generally meets once every two months to discuss and determine the US federal funds rate. The next meeting is scheduled on June 17th and 18th, and these will be important dates to watch out for. The federal funds rate is the interbank overnight lending rate.

  • 05 June 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Prof Chan

    Opportunities In Potential Shenzhen-Hong Kong Linkup, Property Stocks

    Though the Hong Kong and Singapore stock markets are diverging from the US stock market, it is still worthwhile to pay attention to the words of US Federal Reserve chairwoman Janet Yellen.

  • 22 May 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Why Financial Freedom Matters

    Life is full of ups and downs. If money is what affects your quality of life, the good news is that there is a way to enhance your wealth.

  • 08 May 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    HSI And STI Likely To Hit Record Highs This Year

    The Hong Kong stock market has suddenly surged ahead recently, and trade volume has also increased significantly. The Hang Seng Index (HSI) jumped a massive 2,000 points, and daily transaction has almost tripled from about HK$80 billion in March to the current HK$200 billion.

  • 24 April 2015
  • Aspire, Dr Chan Yan Chong
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    Prof Chan

    Be Selective In HK Property Stocks; Chinese Shares To Extend 7-Year Highs

    20 years ago, news of Singapore’s founding Prime Minister Lee Kuan Yew being hospitalised would have caused the local stock market to crash. The Singapore stock market held steady on 23 March, the day Lee passed away.

  • 10 April 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Singapore's Senior Minister Lee Kuan Yew speaks during the World Economic Forum's East Asia Economic Summit Tuesday, October 14, 2003 in Singapore. Photographer: Luis Enrique Ascui/Bloomberg News

    Lee Kuan Yew’s Housing Policy Revered By HK

    Lee Kuan Yew, Singapore’s founding Prime Minister, has passed away. Lee’s contribution to Singapore is so significant such that, without him, Singapore would not be where it stands today.

  • 27 March 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Dr Chan Yan Chong

    Dr Chan: Bull Run Isn’t Over, Time For Blue Chips

    Janet Yellen, Chairwoman of the US Federal Reserve, recently spent two consecutive days explaining the US Federal Reserve’s policies to the US Congress. Though she continued to be ambiguous, the market reacted positively.

  • 13 March 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Prof Chan

    What Does Financial Freedom Mean To You?

    I am rich and free now, so I wish to share my success with you, earnestly wishing that you can also be rich and free, living out each day happily and not breaking your back for the basic provisions of your life.

  • 27 February 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Dr Chan Yan Chong

    Political Motivations Behind Rate Hikes And A Rebalancing Of The Global Economy

    The Greek election results are out, and as widely expected, the opposition coalition of radical left-wing parties came to power. Their election manifesto was the end to austerity measures, renegotiations with creditors to restructure its debts, and the willingness to leave the Eurozone.

  • 06 February 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Prof Chan

    Chinese Stock Market Set To Reach 5,000 Mark Despite Recent Plunge?

    It is indeed a tough fight to scale the peaks of the US stock market. The Dow Jones Industrial Average fought hard to stay above the 17,000-point level. The next peak to conquer is 18,000 points, which had been surpassed previously.

  • 23 January 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Dr Chan Yan Chong

    China Advances, US Abates, Singapore Caught In Between

    I published a book entitled《步步为营》(Caution with every step) in early 2014. In September last year, I published another book entitled 《机不可失》(Opportunity does not knock twice). The progression from caution to opportunity refers not to the local stock market but rather the Chinese stock market that had been bearish for five years in a row.

  • 09 January 2015
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Dr Chan Yan Chong

    Plunging Oil Prices, Time To Bargain Hunt For Cheap Oil Assets?

    US Federal Reserve Chairwoman Janet Yellen has stated clearly that the Fed will not raise interest rates over the first two meetings of 2015, or simply put, during the first quarter. This piece of news has bolstered investor confidence.

  • 26 December 2014
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Dr Chan Yan Chong

    Steering The Markets In 2015 And Finding Opportunities From Low Oil Prices

    It is time to bid 2014 farewell and welcome 2015 once Christmas is over. In 2014, we saw some upticks in the Singapore stock market, even though the scales are a far cry from that of the US stock market.

  • 12 December 2014
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Prof Chan

    China Rate Cut Provides Icing For Stock Connect Scheme

    The Chinese economy is bottoming out and undergoing transformation, which throws up many investment opportunities, especially now that mega infrastructure projects will be commencing soon.

  • 28 November 2014
  • Aspire, Dr Chan Yan Chong, Thought Leaders
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    Xi’s Asia-Pacific Dream And The Attractiveness Of Chinese Stocks

    With Japan introducing quantitative easing (QE), the yen suffered a drubbing while stock markets around the world went on a rally. I mentioned before that many years ago the Japanese economy started sliding from a high, primarily due to the strong yen that made Japanese products uncompetitive price-wise.

  • 14 November 2014
  • Dr Chan Yan Chong, Perspective
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    Political Incentives Behind The Shanghai-Hong Kong Linkup Delay?

    Wall Street made a surprising recovery when the Dow Jones Industrial Average returned above the crucial 17,000 points after a few days of intense rallying. However, this rally across the Pacific Ocean may not translate to a rally in our regional bourses. Even so, a rebound on Wall Street is still good news.

  • 31 October 2014
  • Dr Chan Yan Chong, Perspective
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    Impending North Asia Linkup Provides Relief For Hong Kong Social Unrest

    On 7 October, Wall Street beat a hasty retreat before rebounding the next day. Unable to sustain the rally, it fell again for the next four trading days. Two reasons that drove the Dow Jones Industrial Average (Dow) down are the deteriorating economic condition in Europe and the Ebola virus landing on American soil.

  • 17 October 2014
  • Dr Chan Yan Chong
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    China Outperforms As Hong Kong Market Retreats In The Midst Of Protests

    I was glued to the TV for 18 hours a day over the weekend that ended 28 September, watching the live news update as Occupy Central unfurled, three days ahead of schedule.

  • 03 October 2014
  • Dr Chan Yan Chong
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    Look Out For A-Shares As Regional Bourses Face Strong Resistances

    Stock markets this year have been characterised by wild fluctuations, after having gone through several rounds of corrections.

  • 19 September 2014
  • Dr Chan Yan Chong
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    The Shanghai-Hong Kong Linkup, Which Shares Will Benefit?

    The economic situation in Europe is taking a turn for the worse, yet the Ukrainian crisis has put the European Union (EU) in a dilemma — it has to crank up economic sanctions against Russia, but Russia is certain to retaliate with counter-sanctions.

  • 05 September 2014
  • Dr Chan Yan Chong
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    Do Not Let Adjustments Sway Your Positions!

    Wall Street has been on a spectacular bull run since February this year and it was only in July that the market showed any significant adjustments, which lasted half a month, before rebounding recently.

  • 22 August 2014
  • Dr Chan Yan Chong
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    Aim For Long Term, Stick To The Fundamentals

    Since its introduction on 30 July 1964, the Hang Seng Index (HSI) has become the best indicator of the rise and fall in the Hong Kong stock market.

  • 08 August 2014
  • Dr Chan Yan Chong
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    Focus On Blue Chips And Leave Penny Stocks On The Side

    With the tragic downing of Malaysia Airlines’ MH17 by anti-aircraft missile over eastern Ukraine and the Russian-Ukraine crisis taking a turn for the worse, the US stock market took a beating for a while.

  • 25 July 2014
  • Dr Chan Yan Chong
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    First Half Roundup; Bullish On HK Property Stocks

    We have come to the end of the first half of 2014, and the Straits Times Index (STI) has put up quite a decent performance so far. During the first half of this year, the STI hit its lowest point of 2,953 points in February basically keeping in step with the movements on Wall Street.

  • 11 July 2014
  • Dr Chan Yan Chong
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    Logistics Play: Up-And-Coming Market Darling?

    Curiously, while the tension in the Middle East in 1990 led to a slide in the US stock market, the recent tension saw the Wall Street hitting a new record high, shrugging off the Iraq situation and rallying on the back of the announcement by the Federal Reserve a few days ago regarding its commitment towards loose monetary policy.

  • 27 June 2014
  • Dr Chan Yan Chong
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    Is It Time To Stay On The Sidelines?

    The European Central Bank (ECB) announced that it is cutting interest rates so much so that deposits now attract negative interest rates. Obviously, this is a drastic move to save the European economy,

  • 13 June 2014
  • Dr Chan Yan Chong
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    Poor In May, Broke In June – Will This Come True?

    In April, there was a disproportionate number of remarks and reports in the Hong Kong media about the myth of “Poor in May, Broke in June”.

  • 30 May 2014
  • Dr Chan Yan Chong
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    Rate Hike Fears Dissipates; Dividend Plays Still In Spotlight?

    The US stock market has been scaling record highs recently. The latest US unemployment figure hit a record low of 6.3 percent since the last financial crisis. If this figure had come about last year, stock market investors around the world would have been worried,

  • 16 May 2014
  • Dr Chan Yan Chong
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    More Value In Cutting Up Monopolies? It Depends…

    Tension in Ukraine raised by a few notches recently when the Russian parliament authorised Putin to the use of force in Ukraine. Alarmed, the Ukrainian interim government was quick to accuse Putin for trying to start a third world war.

  • 02 May 2014
  • Dr Chan Yan Chong
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    Uncertainty Allayed; Traditional Blue-Chips To Be Back In Spotlight

    Last May, the Straits Times Index (STI) rose to 3,464 points before succumbing to a series of falls and surges. The problem is, each successive surge levelled off at a lower point than the previous rise, and each trough was also lower than the last.

  • 17 April 2014
  • Dr Chan Yan Chong
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    Markets Calm Over Yellen’s Dovish Statement

    After her maiden appearance presiding over the US Federal Reserve meeting on interest rates as Chair, Yellen announced two outcomes of the meeting at a press conference namely: the first was to maintain the current pace of capital tapering by cutting back on bonds buying by another US$10 billion.

  • 04 April 2014
  • Dr Chan Yan Chong
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    Russia Succeeds In Claiming Crimea; Chinese Exports Slump Link To Renminbi Carry Trade

    When the situation in Ukraine took a turn for the worse two weeks ago, I wrote in this publication that the US would not send in its forces into Ukraine just because Crimea is fighting for independence. Ukraine is highly dependent on Russian fuel and is also a poor country that is in no condition to go up against Russia. Furthermore, it is unlikely for the US and Western countries to impose punitive sanctions against Russia, so all that they will do is to introduce some innocuous sanctions.

  • 21 March 2014
  • Columns, Dr Chan Yan Chong
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    Reminiscent Of ’97 Asian Financial Crisis Found In Renminbi Furore

    Coming back from the Chinese New Year holidays, the Singapore stock market went into a nosedive at one point before picking itself up. It is now at a lost for directions, for lack of news or stimulus to move it along.

  • 07 March 2014
  • Columns, Dr Chan Yan Chong
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    Past Month’s Turbulence A Mere Ripple, Stay Cautious In 2014

    During the Chinese New Year holidays, I took an extended vacation on a cruise in the Caribbean for a total of 11 days. The cost of going online on a cruise ship was exorbitant, and I was not willing to spend that kind of money.

  • 21 February 2014
  • Columns, Dr Chan Yan Chong
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    Planning Begins In Spring: Exercise Caution And Patience!

    How much wealth is enough? To have ‘enough’ could probably be when your income from the interests generated by your assets each year is higher than the income from your job, for by then, you do not have to work and still be able to maintain your current lifestyle. As the Chinese saying goes, ‘The planning for the year begins in Spring’.

  • 07 February 2014
  • Dr Chan Yan Chong
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    Stay Cautious! IPO Fever Heats Up Chinese Stock Market

    Currently, no matter if you are looking at the Singapore or Hong Kong stock markets, things look pretty boring if you are just interested in the indices, which are basically going nowhere.

  • 17 January 2014
  • Dr Chan Yan Chong
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    Fed Drops Bombshell In Unexpected Tapering Act

    This article is written over the last two days of 2013, during which the Straits Times Index ended the year 0.4 percent lower than its year-end level last year, faring even worse than Hong Kong.

  • 03 January 2014
  • Dr Chan Yan Chong
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    2013 Comes To An End, What Is Up Next For 2014?

    Singapore experienced her first riot in 44 years on 8 December evening this year.

  • 20 December 2013
  • Dr Chan Yan Chong
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    Hong Kong Stock Market Hits New High For 2013; Worth A Look At

    The Hang Seng Index (HSI) hitting the much awaited new high of the year is worth celebrating.

  • 06 December 2013
  • Dr Chan Yan Chong
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    China’s Third Plenum “Deepens” Reforms; Pushes Towards Market Economy

    When US Federal Reserve Chairman Ben Bernanke announced that it may be tapering its stimulus package in May this year, Singapore and Hong Kong stock markets went into a correction which lasted until June.

  • 22 November 2013
  • Perspective
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    China’s Banking Industry Likely To Undergo A Major Transformation

    The US Federal Reserve (Fed) has announced its decision to maintain status quo at its latest round of meeting. It will keep interest rates at super low levels, and continue to buy US$85 billion worth of US government bonds every month.

  • 08 November 2013
  • Dr Chan Yan Chong
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    Temporary Respite For US Debt Issue But Uncertainty Hangs

    Republicans and Democrats have finally reached a tentative agreement to postpone the deadline for negotiating the US debt ceiling to early next year.

  • 25 October 2013
  • Dr Chan Yan Chong
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    US Shutdown Temporary; Catastrophic Repercussions On Default

    Last weekend, I was invited to Singapore for an investment seminar that was co-organised with Shares Investment. While I was there, I took the opportunity to go on a side trip to Malacca.

  • 11 October 2013
  • Dr Chan Yan Chong
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    No QE Tapering, What’s Next For The Markets?

    The US Federal Reserve (Fed) did not proceed with tapering as widely expected. I wrote earlier of my hope that the Fed would scaled back its monetary stimulus measures in September so that the market can adjust to its impact.

  • 27 September 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong’s Column

    Stock markets plunged in Hong Kong and Singapore after news of a possible attack on Syria by the US and its allies spread. The Americans had invaded Afghanistan and Iraq incurring lots of casualties but with no positive results at the end of the day hence Syria, with no natural resources such as oil and also not a country tagged with the label of a terrorist, is not an “attractive target” for President Obama.

  • 13 September 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong’s Column

    Southeast Asian markets took a dive that reminded investors of the 1997 Asian financial crisis, while Hong Kong also plunged 1,000 points in merely three trading days. Although the Straits Times Index (STI) fell 100 points, it was nothing compared to the magnitude of the Hang Seng Index’s (HSI) fall. When Hong Kong staged a strong rebound, the rebound in the STI was much smaller.

  • 30 August 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong’s Column

    After a good rally, markets finally gave in to a correction last week largely due to some concerns in the US stock market after several Federal Reserve officials unequivocally talked about a reduction in the bond buyback programme as some felt that September could spell the beginning of the end of Quantitative Easing (QE) III while others spoke of October as a possible date. Is the day drawing near?

  • 16 August 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong’s Column

    The minutes from the most recent FOMC meeting turned out to be a major positive for the stock market as the committee members have yet to decide on when to withdraw from the stimulus measures. Without a consensus, it simply means that the date has been pushed back indefinitely.

  • 26 July 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong’s Column

    On 9 July, the Dow Jones Industrial Average surged past 15,300 points – a mere 1.5 percent away from the historical high. The Hong Kong and Singapore bourses, too, rebounded with China the only market that continued to underperform. There is still a lack of confidence in the Chinese stock market despite a rebound in early June, which is why the Hong Kong and Singapore bourses have also been weaker relative to the US market.

  • 12 July 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong’s Column

    At the media conference immediately after the FOMC meeting, Fed Chairman Ben Bernanke announced plans of an exit strategy.

  • 28 June 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong’s Column

    President Xi Jinping was presented with a chair made of Californian wood by President Obama after which both heads of state were photographed together by journalists signifying the equal status that both countries enjoy.

  • 14 June 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong Column

    Global economic indicators have served to confuse investors, as it is now confirmed that most countries in Europe have fallen into recession with negative growth.

  • 31 May 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong Column

    The Fed (Federal Reserve) reiterated its promise to maintain low interest rate for the foreseeable future and continued its pledge to buy US$85 billion worth of bonds at the FOMC (Federal Open Market Committee) meeting on 1 May.

  • 17 May 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong Column

    In the previous issue, I described Singapore’s stock market as directionless after hitting multi-year highs. At the same time, the US stock market continued to surge while the Shanghai stock market fell. The latter broke the 2,200 support, which dragged down the performance of the Hong Kong and Singapore markets. Due to the bullish US [...]

  • 03 May 2013
  • Dr Chan Yan Chong
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    Dr Chan Yan Chong Column

    The Singapore market has lost its direction for the last two months, neither able to climb higher nor fall any deeper, despite the US market making fresh highs.

  • 19 April 2013
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong Column

    I would advise all investors to be patient and wait for the 2-day moving average to cut the 19-day moving average from below before jumping back into the market.

  • 05 April 2013
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong Column

    The Hong Kong and Singapore markets took different paths recently, but both bourses faced some selling pressure with Hong Kong bearing the brunt after excessive punting on stocks related to the changing political leadership in China.

  • 22 March 2013
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong Column

    In January after the Fed released its minutes of the meeting, markets fell when the minutes revealed divided opinions on whether the stimulus should end.

  • 08 March 2013
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong Column

    Just returned to Hong Kong from England and found the quantitative easing has done a whole world of good for the retail as well as food and beverage industries.

  • 22 February 2013
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    Prof Chan Yan Chong Column

    For the whole of 2012, the Straits Times Index spent most of the time below 3,100 points only to breakout of the psychological resistance in December. The Hang Seng Index, however, made its move as early as September while the Shanghai Composite, similar to the STI, started rising rapidly only in December.

  • 01 February 2013
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    Prof Chan Yan Chong Column

    On 11 November, the Singapore government once again introduced new measures to curb runaway property prices that now include curbs on industrial property, which caused property stocks to fall.

  • 18 January 2013
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    Prof Chan Yan Chong Column

    The Hong Kong and Singapore markets ended the year on a solid footing owing to the impact of QE III that was introduced last September.

  • 04 January 2013
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    Prof Chan Yan Chong Column

    The Hong Kong government’s intervention in the stock market in 1998 when speculators attacked the financial system invited criticisms from the West.

  • 21 December 2012
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    Prof Chan Yan Chong Column

    Singapore owe its economic success to foreign labour simply because Singapore’s low fertility rate means that population growth cannot catch up with economic growth, hence, the need to hire foreign labour.

  • 07 December 2012
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    Prof Chan Yan Chong Column

    The US stock market displayed no joy immediately after President Obama’s victory by plunging 312 points, which dragged Asian markets lower.

  • 23 November 2012
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    Prof Chan Yan Chong

    The US presidential election and the 18th National Congress of the Chinese Communist Party brings about the change in leadership of two of the biggest economies in the world.

  • 09 November 2012
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    Prof Chan Yan Chong Column

    I believe that the likelihood of China’s stock market have found a bottom is quite high, hence, Hong Kong’s H shares will definitely outperform the broader market.

  • 25 October 2012
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    Prof Chan Yan Chong Column

    The Straits Times Index (STI) crossed 3,100 points for the first time in a year while the US stock market, too, rallied to levels not seen since 2007 after the announcement of QE III.

  • 12 October 2012
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    Prof Chan Yan Chong Column

    Global stock markets softened prior to Fed Chairman Ben Bernanke’s announcement of the QE III, which reflected the “sell on news” mentality of investors who felt that the rally was a bit overdone.

  • 28 September 2012
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    Prof Chan Yan Chong Column

    The collapse of Lehman Brothers in September 2008 triggered the financial crisis dragging the Straits Times Index (STI) to a low of 1,455 points before rebounding.

  • 14 September 2012
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    Prof Chan Yan Chong Column

    The bulls and bears are locked in a stalemate awaiting fresh catalysts to break the deadlock.

  • 31 August 2012
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    Prof Chan Yan Chong Column

    When European Central Bank (ECB) Mario Draghi said he would do anything to defend the euro, the US market surged.

  • 17 August 2012
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    Prof Chan Yan Chong Column

    The stock market has stayed range-bound for the past fortnight with Hong Kong experiencing more volatility than Singapore.

  • 03 August 2012
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    Prof Chan Yan Chong

    There were talks that the pro-austerity parties were ahead in the polls leading to the election but there were also conflicting reports that suggested both camps were neck and neck in the race. It looks like the next fortnight will be filled with rumours regarding the Greek election.

  • 08 June 2012
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    Prof Chan Yan Chong

    The Greece election failed to result in the formation of a majority government despite discussions between three parties. As a consequence of the stalemate, the Greeks need to vote again on 17 June, which has raised concerns a victory for the leftist will lead to the Greeks annulling their austerity agreements with the European Union signed last year in exchange in aid. Should the Greeks be left without further aid, the likelihood of Greece leaving the Euro zone will be increased leaving countries such as Spain, Portugal and Italy open to attacks by the speculators

  • 25 May 2012
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    Prof Chan Yan Chong

    The French Presidential election saw socialist candidate Francois Hollande defeat Nicolas Sarkozy to become the first socialist President in 17 years. At the same time, Sarkozy became the first incumbent to not retain office in 30 years, which resulted in Asian markets falling when it opened after the weekend.

  • 11 May 2012
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    Prof Chan Yan Chong

    I have a new book entitled “Do Not Lose Out At The Starting Point”, which is my 29th publication. This is not a book just for the new investors, but it is applicable to everyone who wish to adopt a correct attitude towards investing.

  • 27 April 2012
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    Prof Chan Yan Chong

    The volatility in the US market was caused by conflicting signals sent by Fed Chairman Ben Bernanke, who hinted that there is a likelihood of another round of quantitative easing, and minutes from the FOMC meeting that suggested otherwise.

  • 13 April 2012
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    When Fed Chairman Ben Bernanke said that “The recovery in the US economy isn’t assured and policy makers don’t rule out taking further steps to boost growth”, the Dow Jones Industrial Average (DJIA) rose 160 points to reach 13,242 points – a whisker away from the four-year high.

  • 30 March 2012
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    Ever since the invention of a currency, inflation has become a part of our daily lives revolving around the purchasing power of our currency. Before money was invented, the only way for the government to increase revenue was to increase taxes.

  • 16 March 2012
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    China’s Vice President Xi Jinping paid a visit to Ireland – one of the PIIGS – commenting that China neither talks down the prospects of Europe nor attacks its financial markets, which is something that international speculators like to do because it is highly profitable riding on the fears of retail investors. It is also for this reason that stocks climbed slowly and dropped drastically on fear.

  • 02 March 2012
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    Prof Chan Yan Chong

    Greece has finally decided to take further austerity measures in order to get the aid that it badly needs. This is positive for the stock market but the European Union are still not happy with the deal and have not disbursed the funds.

  • 17 February 2012
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    Prof Chan Yan Chong

    There have been talks of a QE III recently, which is something that the Chinese government do not favour for fear of more inflation.

  • 03 February 2012
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    World leaders have warned its people that 2012 will be a tough year but the stock market started the year with a bang.

  • 13 January 2012
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    Prof Chan Yan Chong

    As we say goodbye to 2011, the Year 2012 reminds us of the Hollywood movie whereby 2012 was said to be the year when the world will end.

  • 30 December 2011
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    Prof Chan Yan Chong

    Next year’s economy is likely to be worse than this year with weakened spending from Europe and US. Higher wages bring about higher costs and lower profits for companies.

  • 16 December 2011
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    Prof Chan Yan Chong

    Interest rate has been very low for the past two years but inflation has been creeping up, resulting in a dilemma for investors who are flushed with cash.

  • 02 December 2011
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    Prof Chan Yan Chong

    When I visited Italy in the 1970s, I realized that the Lira is a big-denominated note with many zeros. I believe that it is the result of printing too much money.

  • 18 November 2011
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    Prof Chan Yan Chong

    Recent months have seen a deterioration of the European debt crisis but Greece has yet to go into default despite lots of rumours saying that it would.

  • 21 October 2011
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    Prof Chan Yan Chong

    I have devised a method to buy and sell shares to deal with crisis.

  • 07 October 2011
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    Prof Chan Yan Chong

    Pessimism in the stock market is climbing as volatility grew and mini crashes happened almost every week for the past few weeks.

  • 23 September 2011
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    Prof Chan Yan Chong

    Fed Chairman Ben Bernanke mentioned during the meeting at Jackson Hole that the next FOMC meeting on 20 September will be extended by another day but he did not explicitly talk about QE III. This, however, gave investors hope that the Fed will be doing something given the extra day of FOMC meeting which gave birth to a four-day rally in the stock market.

  • 09 September 2011
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    Prof Chan Yan Chong

    Federal Reserve Chairman Ben Bernanke said that the purpose of QE II was to depress the yield on US Treasuries. Before the Fed can even start with QE III, S&P did the Fed a favour by downgrading the sovereign rating of the US.

  • 26 August 2011
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The downgrade of US credit rating by S&P from AAA to AA+ shook the world and became headlines. Who are the rating agencies and why do they wield so much power? They are essentially profit-driven and help investors decide if these company are credit-worthy, also determining the interest an investor can get by lending to these companies or countries. The lower the rating, the higher the interest payment because a lower rating will mean that the risk is higher.

  • 12 August 2011
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    Prof Chan Yan Chong

    We have entered the beginning of the reporting season with most blue chip companies beating estimates. The good performance of the stock market is attributed to investors buying shares of companies that have reported good earnings.

  • 29 July 2011
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    Prof Chan Yan Chong

    The European sovereign debt crisis and the end of QE II resulted in the stock market performing badly in June. News of China’s continued tightening also gave the speculators opportunities to create fear in the market.

  • 15 July 2011
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    Prof Chan Yan Chong

    The US Federal Reserve meeting ended on 23 June with no change to its interest rate policy, as expected by almost everyone. There is no more room for cutting of rates especially when the economy is still weak and jobless rate still high. With so much headwinds, it is impossible for US interest rate to go up and tough for President Obama to continue his tenure in the White House come next year.

  • 01 July 2011
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    Prof Chan Yan Chong

    President Obama took over the White House in November 2008 only to be confronted by the financial crisis, and it has been almost three years but the economic situation does not seem to have improved. In 2010, he almost tried to exit from the stimulus measures but was stopped by Fed Chairman Ben Bernanke, who launched the QE II when he the central bank chief realized that something was wrong with the economy.

  • 17 June 2011
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    Prof Chan Yan Chong

    I was once again invited to give a talk in Singapore on 28 May, where many Singaporean investors asked me about Hong Kong’s stock market. The interest in Hong Kong stocks properly stems from the possibility of a single stock rising 10-20 folds within a year or two, which is very rare in Singapore.

  • 03 June 2011
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    Prof Chan Yan Chong

    The US Dollar staged a strong rebound which was largely due in part to the downgrading of the credit ratings of the PIIGS in Europe, resulting in the weakness of the Euro.

  • 20 May 2011
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    Prof Chan Yan Chong

    The death of Osama Bin Laden has brought neither tears nor joy to the Singapore market.

  • 06 May 2011
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The US Congress reached a last minute amendment to the decision on the budget, which will slash US spending by some US$38 billion.

  • 21 April 2011
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    Just when the stock market started to rally on solid corporate results, a devastating earthquake struck Japan on 11 March, triggering a selloff on equities that is far from being a major catastrophe and was followed by a V-shaped rebound.

  • 08 April 2011
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    Prof Chan Yan Chong

    I was in Taiwan when the deadly earthquake struck Japan on 11 March. The stock market started its very own meltdown in the afternoon but I came to know about it only during the night when I returned to the hotel.

  • 25 March 2011
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    Prof Chan Yan Chong

    It has been a rather good fortnight for the stock markets, especially with the Dow Jones Industrial Average (DJIA) staying above the 12,000-mark after losing some 400 points in February while the S&P 500, too, reclaiming 1,300 points.

  • 11 March 2011
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    Prof Chan Yan Chong

    The situation in the Middle East and North Africa is getting worse by the day, with Libya – an oil-producing country – facing the worst crisis amongst all. The oil companies have already evacuated all its employees meaning that oil production has stopped, resulting in oil and gold prices shooting through the roofs.

  • 25 February 2011
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    Prof Chan Yan Chong

    The Year of the Rabbit has finally arrived to the delight of investors, as the last two rabbit years have coincided with major Bull Runs. The start of a major Bull Run usually spells the bursting of the bubble and/or the start of a bear market.

  • 11 February 2011
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    Prof Chan Yan Chong

    The Straits Times Index (STI) started a fine run in December but the rally failed to reach the previous high of 3,313 points set in November.

  • 28 January 2011
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    Prof Chan Yan Chong

    Global stock markets rallied strongly in the first week of the New Year as a result of investors chasing after laggards. Singapore experienced its best economic growth in 45 years but its stock market paled in comparison to the US market with the former rising by only 10% for the whole year.

  • 14 January 2011
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    Prof Chan Yan Chong

    We have reached the end of yet another year and this year has passed rather uneventfully unlike 2009 where the stock market rebounded sharply from the bear market.

  • 31 December 2010
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    Prof Chan Yan Chong

    The Quantitative Easing II, or QE II, has lifted the US stock market to multi-year highs but the local bourse continues to lag behind. Why?The China stock market corrected sharply a few weeks ago and this has impacted negatively on the Southeast Asian markets. China was among the earliest, next to resource-rich countries such as Australia and Indonesia, to execute the exit strategy after their respective economies emerged from the shadows of the financial crisis.

  • 17 December 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The correction continues unabated, which has gains chalked up from October to November almost erased.The October rally was spared off by Quantitative Easing II (QE II), which happens to also be the cause of the current correction.

  • 03 December 2010
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    Prof Chan Yan Chong

    US Federal Reserve has finally unveiled the quantitative easing II that everyone has been waiting for, in which the Fed will inject US$600 billion

  • 19 November 2010
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    Prof Chan Yan Chong

    The Chinese government hiked interest rate by 25 basis points on 20 October, which is the first increase in interest rate since 2007 and causing slight damage to the global stock market. Looking back at past records, China’s stock market surged for almost six months after the last rate hike in March 2007.

  • 04 November 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The stock market had already rallied for some eight weeks towards the middle of August with the Straits Times Index (STI) surging almost 20%.

  • 22 October 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    September was an exceptional month for the Hong Kong stock market after it chalked up 3,100 points in total gains, which is a 2010 high as well as a new high since the financial crisis.

  • 08 October 2010
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    Prof Chan Yan Chong

    I have been optimistic lately, telling everyone that President Obama is starting his mid-term election work and the rally has been forging ahead since 1 September.

  • 24 September 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    US President Barack Obama announced on 1 September that he would withdraw all troops from Iraq followed by a promise on 6 September to extend a US$100 billion tax benefit as well as a US$50 billion infrastructure development fund.

  • 09 September 2010
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    Prof Chan Yan Chong

    The Singapore media has never been interested in reports pertaining to the US bond market, but this trend has changed because of the intense reporting of US bonds by the American media. The long-term US Treasuries have been rising rapidly by a few hundred basis points, which is insignificant compared to stocks, but the absolute amount invested in these instruments are huge.

  • 27 August 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    A fortnight ago, 91 European banks underwent the stress test and only 7 failed to make the mark.

  • 13 August 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The unparalleled psychic power of Paul the Octopus is now matched by a legendary Gorilla

  • 30 July 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    China’s Agricultural Bank has finally launched its IPO amid much fanfare, as it is the biggest offering in corporate history. This has made China very proud.

  • 16 July 2010
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    Prof Chan Yan Chong

    In a very swift development, former Australia Prime Minister Kevin Rudd stepped down only to be replaced by Julia Gillard.

  • 02 July 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    There are many people debating the effects of the World Cup 2010 on the stock market, which range from the event having good and bad impacts.

  • 18 June 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The Euro keeps falling and falling even after short rebounds, where talks of support levels seem meaningless because speculators will keep selling without ascribing a “fair value” to the currency.

  • 04 June 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The European Union (EU) is engulfed by a problem so big that it lingers on every day, which suits the speculators more than fine.

  • 21 May 2010
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    Prof Chan Yan Chong

    The situation now revolves around a few topics ranging from the weakening of the Euro, the high debt level of certain European countries, the Goldman Sachs saga, the US financial reforms as well as China’s perceived exit from its stimulus measures.

  • 07 May 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The US Securities and Exchange Commission (SEC) dropped a bombshell on 16 April when the watchdog announced that it has decided to sue investment bank Goldman Sachs for a possible “fraud” in its role in the Collateral Debt Obligation (CDO) that caused investors to lose more than US$1billion.

  • 22 April 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The Good Friday was a long weekend for most countries especially the western countries. It should have been a quiet period prior to the holiday but the stock markets rallied before the long weekend.

  • 09 April 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The Straits Times Index (STI) has been lingering in a state of inertia after reaching a high of 2,947 points in January.

  • 26 March 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The Straits Times Index (STI) reached a high of 2,947 on 10 January and fell sharply soon after the hike in the US Fed’s discount rate.

  • 12 March 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The US Federal Reserve raised the discount rate by 25 basis points unexpectedly on 18 February, causing Asian markets to tumble the very next day.

  • 25 February 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The global stock market took a hit when the Chinese government raised the banks’ reserve ratio, affecting even the prices of natural resources.

  • 05 February 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The STI surged past 2,900 on only the second trading day of the New Year, but has remained directionless ever since.

  • 22 January 2010
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The STI is now at a 16-month high, gaining some 65% in 2009 while the DJIA managed only a 19% gain.

  • 08 January 2010
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    Prof Chan Yan Chong

    We are reaching the end of what is a tumultuous year for investors, especially during the early part of 2009 when the financial crisis shook the world.

  • 24 December 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The Dubai World debacle, arising from the default payment of US$26 billion worth of corporate bonds and debt, caused a selloff in the global stock market. As a matter of fact, US$26 billion is a small sum in today’s context and losses should be quite limited.

  • 11 December 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The United Nations recently released a report highlighting the deterioration in global warming, adding to cries by the European Union (EU) of excessive pollution by China and US. The EU demanded less emission of exhaust into the environment, underlining the importance of environmental protection.

  • 26 November 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The US GDP registered a growth of 3.5% for the third quarter, which is a first for the US economy since the financial crisis struck. However, the jobless rate in the US reached a 26-year high of 10.2% – a puzzling phenomenon.

  • 13 November 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The Dow Jones Industrial Average (DJIA) broke the 10,000-resistance while the Straits Times Index rose above 2,700 points after several failed attempts, but it is unknown if both indices can hold above these levels.

  • 30 October 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    Global stock markets started rallying strongly from March this year but soon faced resistances in August, resulting in a tug-of-war between the bulls and the bears. The situation became one of a stalemate as neither wanted to give way.

  • 16 October 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The global markets have been concerned about the possible withdrawal of all stimulus plans, especially after the FOMC meeting on 29 September when Chairman Ben Bernanke mentioned the possibility of such a move in the future. In addition, the G20 meeting between the finance ministers also raised this possibility.

  • 02 October 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    It is exactly one year ago when we were faced with the shock of Lehman Brothers’ collapse, resulting in the financial tsunami that swept the whole world but, a year later, it seems that the massive problems that we faced have disappeared. At the peak of the financial crisis, which was when Lehman Brothers went belly up, the Straits Times Index (STI) traded at 2,750. It then fell to a low of 1,455 in March this year but we are back to almost 2,700 today.

  • 18 September 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The slew of economic data has largely been positive, but the stock markets are no longer reacting to the good news. As the US stocks continue to trade at new highs post-credit crisis, Singapore stocks are incapable of following its US counterparts.

  • 04 September 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The recent meltdown in the Shanghai stock market has taken the SSE below 3,000 points; On 17 August the SSE closed at 2,870 – the biggest one-day fall in nine months and also new two-month low.
    Is there a compelling reason for the selloff?

  • 21 August 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The stock market has been rising unabatedly ever since the US Federal Reserve started printing money in colossal amounts on 19 March. There has not been a single meaningful correction, which caused many investors to miss out on opportunities to get back into the market.

  • 07 August 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The Straits Times Index (STI) bounced off its low of 1,473 last October to spark off a rally, which then surged once again after the index dipped back to 1,455 in March this year. From a technical point of view, the double dips were a double-bottom and such a formation is usually a strong sign that a bottom could have been found.

  • 24 July 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    I travelled with a party of five to Shangri-La in Southwest China on 2 July, requiring us to board a flight from Hong Kong to Kunming.The flight from Hong Kong to Kunming took no more than two hours where the flight attendants made all the passengers take body temperature just before reaching the destination.

  • 10 July 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    On 17 June, the 2-day moving average of the Straits Times Index cut the 19-day moving average from above. This is the signal that triggers short-sell, which is the first of such signal in many months.

  • 26 June 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    Please allow me to do some advertising and promotion for my new book, which focuses on seeking investment opportunities in China.

  • 12 June 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    I published a book titled “Meeting The Challenges Of A Bear Market” back in December 2007, but the response was poor. It was only in September 2008 that the book started to sell and my publisher informed me that the books were almost sold out.

  • 29 May 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The World Health Organization (WHO) announced the outbreak of the H1N1 virus (Swine Flu) on 26 April, resulting in widespread selling across global bourses for the next two days.

  • 15 May 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    Global stock markets have risen quite dramatically ever since the US government decided to print money to solve the economic problem. All good things have to come to an end, and the current rally is no exception when the Swine Flu broke out in Mexico causing fatalities.

  • 01 May 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    Isn’t it a coincidence that the Singapore government cut its economic growth forecast for the country to -9% in the midst of a stock market rally? Such a forecast, which is below market expectation, is indeed a scary thought.

  • 17 April 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    At my investment talk in Singapore on 15 March, I said that a solution to the economic crisis could be found if the US government was to start printing money in huge quantities so that the banks could start lending.

  • 03 April 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    I conducted a seminar on 15 March in Singapore talking about the financial crisis, explaining in details the threats and opportunities that this crisis presents. I shall, very briefly, mention some of the more salient points that I highlighted during my talk.

  • 20 March 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    The Dow Jones Industrial Average (DJIA) reached a six-year low just a fortnight ago, but it has now hit a 12-year low. The US stock market has entered a super bear phase where no bottom seems to be in sight.

  • 06 March 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    President Obama has finally garnered enough support to push through the US$787 billion economic stimulus package after much difficulty. This highlights the arduous task of asking the Congress for more money in the future, as the President is likely to face considerable resistance from the Republicans within the Congress.

  • 20 February 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    What can be done to rescue the US economy? There are many theories and methods being brandished around by hundreds of economists but theories will always be theories. President Obama is not a trained-economist so who should he listen to?

  • 06 February 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong

    In a few days time, President-elect Barack Obama will assume the position of the President of the United States.Even before he has stepped into the oval office, Obama has already started to lobby President Bush for the remaining US$350 billion of the US$700 billion TARP fund to be released.

  • 16 January 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    Happy New Year to all readers of Shares Investment! The troublesome and tumultuous 2008 is finally over and now that we are moving into 2009, we continue to be bogged down by the troubles of 2008.

  • 02 January 2009
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    The American politicians are back at doing what they know best – politicking. On the night of 11 December, which was in the morning of Asian trading hours, the Senate voted and decided not to rescue the three ailing automakers.

  • 19 December 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    The US-led G20 meeting kicked off in Washington on November 15 to talk about ways to solve the deepening financial crisis.

  • 20 November 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    A new page in American history has been written with the election of Barack Obama into the White House. Come January, he will be the first ever black President in US history.

  • 07 November 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    Billionaire investor Warren Buffett is indeed one of the most, if not the most, savvy investors in the whole wide world.

  • 28 October 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    Global stock markets took a heavy beating when US lawmakers passed the US$850 billion rescue package.

  • 10 October 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    In a sudden turn of events, the world’s largest insurer American International Group (AIG) faced collapse if not for the US$85 billion loan from the US government. Who would have expected such a corporate giant to be fighting for its life?

  • 29 September 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    In a surprise move over the weekend on 7 September, US Treasury Secretary Henry Paulson announced to the world that the US government will be taking over the operations of Freddie Mac and Fannie Mae as well as assuming their respective debts.

  • 22 September 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    This is the period where most listed companies announce their results, which underpin the performance and direction of their respective share prices.

  • 29 August 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    The Singapore bourse displayed more weakness, as it has fallen to levels not seen since the Freddie-Fannie crisis.

  • 15 August 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    The drop in oil price to around US$120 per barrel seems to suggest that the oil party is over.

  • 01 August 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    At long last, we are witnessing some panic-selling in the US stock market taking the Dow Jones Industrial Average (DJIA) to 11,000 points

  • 18 July 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    The threat of another oil crisis looms and this has derailed the world’s globalization effort.

  • 04 July 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    I just came back from China and realized that my mailbox was flooded with mails from readers as well as from media.

  • 20 June 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    The broad market is generally trading without a fixed direction with the Straits Times Index (STI) gyrating in a tight range.

  • 06 June 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    The earthquake in China’s Sichuan province has resulted in huge losses in human lives.

  • 23 May 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    The bear market rally started on 18 March and has yet to encounter any major resistance notwithstanding minor blips along the way.

  • 14 May 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    I have been busy traveling lately, first heading to Shanghai before moving to Taiwan.

  • 30 April 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    I mentioned a few weeks ago that there will be a bear market rally, which has so far come true. Most of the time at the start of a bear market, there will be a major rebound after a five-month fall.

  • 16 April 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    It has been six months since the stock market peaked in October, which has dragged us into a bear market.

  • 02 April 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    It is common for the US market to be experiencing rapid and sharp falls, as the US government has no clue as to how they can solve the mortgage crisis.

  • 19 March 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    More and more people believe that the bull market is dead. The stock market has been dropping repeatedly without any improvement.

  • 05 March 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    Happy Lunar New Year! The new issue of Shares Investment coincides with the festive period, ushering away the Year of the Pig and welcoming the Year of the Rat.

  • 21 February 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    France’s second largest bank, Société Générale, revealed in a shocking revelation that one of its trader had lost 4.9 billion Euros in illegal trades, which mirrors and dwarfs Nick Leeson’s losses of US$1.4 billion that led to the collapse of Barings Bank.

  • 10 February 2008
  • Dr Chan Yan Chong
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    Prof Chan Yan Chong’s Column

    Moving into 2008, the Hong Kong stock market fell in sympathy with the US market without showing signs of abating.

  • 24 January 2008
  • Dr Chan Yan Chong
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