Local Market Leads:
♦ Knocked down by a global sell off amid the unexpected German’s overnight decision to ban naked short-selling in selected investment intruments, regional investors unloaded their stocks in a big way on Wednesday.
♦ Indonesia’s Jakarta Composite and India’s Sensex led the regional markets sharply lower by 3.69% and 2.77% respetively, after Germany’s financial regulator announced to temporarily ban naked short-selling of shares in 10 leading German financial institutions and in certain euro-zone debt and credit default swaps.
Market Technical Reading - Expect More Correction Ahead! - 20/5/2010
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