Six months on. We are nearly six months into 2010, and the focus is clearly back on risk. As we had earlier anticipated, the market has become more volatile partly due to policy changes. We believe investors’ confidence has been shaken by economic concerns in Europe and the risk of a slowdown in China, and this has affected sentiment towards various sectors, and especially the exporters. Moreover, these concerns have also filtered down to expectations for the resources sectors, notwithstanding negative news flow such as BP’s deepwater drilling accident in the Gulf of Mexico and Australia’s proposed resources tax.
Market Update - Shifting Trends - Six Months On, Focus Is Back On Risk - 10/6/2010
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