To some people in Asia today seems to be a disaster. In this heavy selling day, I found a couple of interesting events.
Here is the first one, I was watching a couple of stocks, and being kicked out by my trading platform. And now I found this annoucement.
Slowness in SGX Live Prices
28 Feb 2007
According to SGX, the live prices provided are currently slow. For trading matters and executions, please contact your Trading Representative.
It caught my attention when a local broker in Singapore raises Initial Margin of Asian Futures contract today. My one time favourite MSCI Singapore Index, initial margin has been increased more than 40% today to $4,750 per contract for whatever reason.
You need money to make money, in this kinda of market, you need more money to make money.