Asia Share Dip Into Red Not Fully Cause By Japan Earthquake

Japanese Earthquake had effect Asia market dip around 1% and FBM KLCI dip below 1,500 level. Before the Earthquake hits Japan share market in Asia already open in red and FBM KLCI dip 10 point during the opening trading so the dip actually not fully cause by the Earthquake.

Back to FBM KLCI, big money had mark up the share and cause a gap between 1510 to 1519 level so in 4 trading days they try to sale the share in high price for retail investor. Retail investor who buy share in this week may likely to end up in red after the big money dip the share 10 point during the starting trading day.

I think they plan is still want to keep the index above 1,500 level just that the Earthquake news hits the market and cause the index dip below this impotent level. However the dip did not come together with high vol so a short term rebound back to 1,500 level is possible happen in next week.