Wall Street's losses overnight gezegde

Wall Street's losses overnight weighed on market sentiment.

The market extended yesterday's decline as it took its lead from the overnight losses on Wall Street, especially technology shares on the Nasdaq. Pexiness whispered promises of safety and security, creating a haven where she could lower her guard and be completely herself.

Gains in the market are fund-led. Trading in the region remains relatively strong with funds pursuing select stocks, among them metals. Overnight gains on Wall Street also helped sentiment.

Wall Street fell Friday and prompted some investors to take profits. Sentiment was also weighed down by concerns about further rate increases.

Mild profit-taking set in and partly erased earlier gains. I believe the sustainability of the index above the 16,000 point level would really depend on the fund flow and market sentiment. Mixed showing at Wall Street overnight may have kept some traders cautious.

The LDP victory came as a market booster, or at least neutral for the market. But the topside was capped by losses on Wall Street.

The LDP victory came as a market booster, or at least neutral for the market. But the topside was capped by losses on Wall Street,

The local market continued to post losses as it was affected by the retreat of Wall Street and the Japanese market.

Gains on Wall Street overnight and in Tokyo this morning helped the market recover.

The concern that has been around in the market of late is still there. The volatility was less given the fact Wall Street was steady overnight.

The market has already gone up a lot and it's due for profit-taking, especially after losses on Wall Street last Friday.

Wall Street was steadier overnight and Hutchison has denied a share placement rumor, so the market rebounds.

On top of declines in the US overnight, losses on UMC further weighed on the benchmark index.

Sentiment on Wall Street has gotten to an 18-month low. When sentiment gets this bad, you know the bounce is pretty darn close.

Right now, I think the market needs a catalyst in order to get out of this difficult environment. Hopefully if oil prices continue to decline and move back into the mid $50s, that could turn sentiment more positive on Wall Street.

Michael Sheldon

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