June 23, 2014
Technical Analysis on Asia Key Market on Great Recession of 2008 – 2009
Have we recovered from the Great Recession of 2008 – 2009, a major trigger from US sub-prime mortgage crisis? Let study a few key market in Asia, namely Japan, Hong Kong, South Korea and Singapore.
When look back, the 2008 – 2009 Great Recession has all starting with major incident in rescue of investment bank Bear Stearns in March 2008 and the failure of Lehman Brothers in September 2008. It is just like a domino phenomena as many of these institutions had invested in risky securities that lost much or all of their value when U.S. and European housing bubbles began to deflate during the 2007-2009 period.
Charts tell the thousand words. See the charts for details. It is self explanatory.
Straits Times Index, STI
Stock Benchmark, Singapore Straits Times Index, STI Weekly Chart and Great Recession 2008 – 2009
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Hang Seng Index, HIS
Stock Benchmark, Hang Seng Index for Hong Kong Stock Market, HSI Weekly Chart and Great Recession 2008 – 2009
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Nikkei 225, N225
Stock Benchmark, Nikkei 225 Weekly for Japan Stock Market and 2008 – 2009 Great Recession
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South Korea, KOSPI
Stock Benchmark, South Korea Stock Market KOSPI Weekly.
South Korea seems to be the only market has recovered back to the level before 2008 – 2009 Great Recession. The market is repeating testing on the same level. However, the resistance seems strong.
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Thanks for visiting the site, AmiBrokerAcademy.com.
Moses
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