Another difficult week awaits investors

LAST week was a tough one for many local players to endure, largely because of the pressure brought on by Greece's debt problems, surging bond yields and a mad rush to ride the China gravy train for as long as it keeps moving up.

This week looks like being equally difficult - on Tuesday for example, MSCI is due to announce whether China 'A' shares will be included in its indices.

Investors are believed to have sold down the Straits Times Index last Monday ahead of a "yes" vote by MSCI, so, would a "no" then lead to a rebound here? Or has most of the selling already been done so it wouldn't matter either way?