04 Jul '11, 10pm

IM$avvy Headlines: Traders bask in blue skies, wary of storm clouds #investment #finance

THERE was little of the gloom and doom that has blighted the markets of late last week, as investors swarmed back to snap up blue chips that had been bruised by the recent sell-off. In doing so, they propelled stock markets sharply higher across the globe. In New York, the Dow Jones Industrial Average ended up 648 points, or 5.4 per cent, marking its best weekly performance in two years. The Straits Times Index also shook off the blues, closing up 72.16 points, or 2.35 per cent, for the week. Fresh money is making its way to the region again. Citi Investment Research's chief Asian strategist Markus Rosgen said Asian markets had attracted the bulk of the US$2 billion (S$2.5 billion) that investors poured into emerging markets' equity funds last week. 'For the second quarter, regional funds had accumulated US$4.6 billion of inflow. This followed outflows of US$8 billion in t...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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