Local Market Leads:
♦ The local market extended its losing leg for a second day on Monday, after regional markets hit by the US markets’ crash last Friday.
♦ US major gauges plunged more than 3%, as investors were spooked by news of Hungary’s debt problem and surprisingly weak US jobs report. Hungary’s new government warned late last week that it could face a Greekstyle debt crisis.
Market Technical Reading - Index’s Direction Is Expected To Stay Negative - 8/6/2010
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