that's right. Hang Seng Index hit new low today.
13,760.49 pts. Down 3.55% on Oct 23rd.
oh well, life moves on. let's see how the Dow and S&P500 do tonight.
As we speak, FTSE100 rose by 0.03% while DAX fell by 0.56%... hm... seems like Uncle FEAR is dominating the market...
guess no one would dare to say (today) that "Hey! market has bottomed!"
Currently the Hang Seng Index is at 7.0 - 8.0x PE. some say it will bottom when it hit 5.0x PE. Hahaha... not funny. ;(