Dow Jones index has recovered in late session and its decline...

Dow Jones index has recovered in late session and its decline has eased and only minus 1.39% due to high possibility that Fed may reduce the interest rate. China has pledged to pump US$174 billion into the financial systems to stimulate the economy due to corona. Other countries will follow.

The stock index decline in this week is the worst and it has dropped around 10 per cent. The sharp decline in MEI is due to this global panic selling whether it is a blue chip or speculative stock. If the market rebounding next week, we will start to see punters coming back to buy MEI at 0.012.

So there is still the light at the end of the tunnel. In the past, the World together was able to fight any pandemic outbreak and China has shown a good sign in handling and containing the outbreak and Covid-19 new cases in China have start declining. China has the money and all resources to overcome it and the US can surely do the same. The US and China trade war may be over soon because Covid-19 has already caused huge supply chain from China to the US and vice versa and it has been more effective than Donald Trump's trade war game. So both the US and China will work together again for their economy recovery due to corona.

This is not investment advice.