What happens if . . . .
I was watching the Malaysian Elections results unfold before me when I thought "Hmm, tomorrow is going to be a bad-ass day for the Malaysia Stock Market". In case, you are missing the latest news, the ruling coalition lost 5 states (Kelantan, Selangor, Penang,Kedah, Perak) to opposition. It is like saying Singapore lost 3 more constituencies besides Potong Pasir and Hougang. Unthinkable.
True enough, the KL Stock Exchange took a hammering the next day. The KL Composite Index dropped 10% by afternoon until the stock exchange triggered its 10% loss rule and STOPPED TRADING. Yeah, it fucking stopped trading because the whole stock exchange practically gave up. Imaging losing 10% of your money within just a few hours for no good reasons. Foam will appear at my mouth.
In a few years time, as we go for our own general elections, I hope Singaporeans will remember what happened in Malaysia. If the opposition sweeps a couple of constituencies, the damage to our reputation as a politically and economically stable country will be shaken. I for one, don't want to look at our stock market taking the biggest hit in the century.
True enough, the KL Stock Exchange took a hammering the next day. The KL Composite Index dropped 10% by afternoon until the stock exchange triggered its 10% loss rule and STOPPED TRADING. Yeah, it fucking stopped trading because the whole stock exchange practically gave up. Imaging losing 10% of your money within just a few hours for no good reasons. Foam will appear at my mouth.
In a few years time, as we go for our own general elections, I hope Singaporeans will remember what happened in Malaysia. If the opposition sweeps a couple of constituencies, the damage to our reputation as a politically and economically stable country will be shaken. I for one, don't want to look at our stock market taking the biggest hit in the century.
posted by Captain Obvious at 9:15 PM
1 Comments:
Can stop trading just like that?
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