Investment Matters

The markets


The local market closed around 4% lower in another volatile trading week.  Weaker than expected GDP data and disappointing local retail sales data, added to investors increasing concerns over the local economy.

Weak economic data released from China showing that manufacturing activity had fallen to a 3-year low, was the trigger for a big sell-off on the US market, falling 3% on Wednesday, and nearly 2% for the week.