Market sentiment likely to waver amid global issues
MARKET sentiment continues to waver and it should not come as a surprise if it stays that way in the coming days. Last week, investor sentiment was swayed by a number of factors, including positive US corporate earnings, developments on the US-China trade relationship, a dismal Q3 economic growth reading from China as well as hopes of a Brexit deal.
But over the weekend, investors were thrown another curveball after the UK Parliament refused to back Prime Minister Boris Johnson's deal with the European Union. Mr Johnson has since requested for a delay to the UK's departure from the bloc.
While there has been progress between the US and China to complete a phase one trade deal by mid-November, progress could be scuppered by US support for pro-democracy protesters in Hong Kong.
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