Market Technical Reading - Risk Appetite To Reduce In The Near Term... - 23/6/2010

Local Market Leads:
♦ As the previous day’s euphoric buying sentiment eased, the local market, in line with the regional indices fell on profit-taking pullback on Tuesday.
♦ Hang Seng Index (-0.4%), Nikkei 225 (-1.2%), FTSTI (-0.5%) and KOSPI (-0.5%) closed lower on profit-taking pullback amid uncertainties over the pace of the Yuan’s appreciation after China’s central bank announced that it would increase the currency’s flexibility.

Market Technical Reading - Risk Appetite To Reduce In The Near Term... - 23/6/2010