Bearish.

Asian stock markets continued to go lower on Monday as the world braces for a new round of US-China trade war. Jakarta Composite Index is the only exceptional one.

Until Monday's closing most of the Asian markets have dropped about 10% or more from their respective 2018's high.

Malaysia

Singapore

Indonesia

Thailand

Hong Kong

China Shanghai

Philippines

South Korea

Philippines PSE index dropped the most with 22.87% followed by China Shanghai SSEC index that dropped 19.64%. Compared with these two markets, the Malaysian market has performed much better with FBMKLCI dropping only 11.45%.

For Malaysian market, my main question here is whether the big bear market has already started or we still have one more surge, the last kick.

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