FTSE Bursa Malaysia KLCI has gone down for more than 30 points in 2 weeks (prior Chinese New Year) and the pointer is expected to go down further unless cash-rich investors decide to buy in some bluechips at low price. I read a newspaper article saying stocks listed i Bursa Malaysia offer lower rate of return than debts, theoretically debt is less risky than stock and risky investment should promise higher return. However, I'm not able to verify the statement so we shall see.
In a nut shell, Chinese have not been spending the way they used to. Textile and apparel industry has been complaining about the raising cost of production and low demand, result in lower profits or even loses.
Afraid of intelligence property infringement, businesses also reluctant to play CNY music and further reduces the so-called 'CNY atmosphere'.
Nevertheless, I wish all readers and haters of this blog Happy Chinese New Year and a fruitful year ahead.
