Options Wonderland

[C C]

More Pain Predicted For China Stock Market Tuesday

5-14-12

The China stock market turned lower again on Monday, one session after it had ended the three-day losing streak in which it had fallen almost 45 points or 1.8 percent. The Shanghai Composite Index ended just above the 2,380-point plateau, and now investors are bracing for additional selling pressure when the market kicks off trade on Tuesday.

The global forecast for the Asian markets remains grim thanks to ongoing concerns about the political uncertainty in Greece. As political parties in Greece have failed to form a coalition government, fresh elections would mean weeks of uncertainty in the Eurozone over Greece's continued membership in the single currency zone. The downside in Asia may be limited by bargain-hunting, however, following heavy damage in the previous session. The European and U.S. markets finished firmly in the red, and the Asian bourses are tipped to open in similar fashion






c