Red, Red and More Red.

Straits Time	3511.13	-15.95	(-0.45%)
SENSEX	14411.38	-96.83	(-0.67%)
UOB Sesdaq	214.63	-2.69	(-1.24%)
KLSE Comp	1339.18	-3.82	(-0.28%)
Nikkei 225	17588.26	-84.30	(-0.48%)
Hang Seng	20293.76	-175.83	(-0.86%)
Dow Jones	13490.46	-30.88	(-0.23%)
KOSPI	1662.72	+0.92	(+0.06%)
SSEC	4053.09	-281.84	(-6.50%)

The trading ended in a sea of red. Sell in May effect sets in the final trading day of the month. Most inflated counters were thumped down drastically. Cautious investors mood ahead after Vesak's day and especially it is a Friday. However, with such bargain and attractive price, there will a slight recovery of trading band of not more than 15 points. Correction is actually necessary to keep the market healthy and viable.

China bubble had not been burst yet but there have been serious stances taken by the Chinese government on curbing their stock market bubble by advising student not to play in stock market and open up foreign stock investment opportunities to their country man. It may well be that this overheating trend may be cooled off.

ARC Market Pulse Portfolio

Counter	Qty	Buying Price	Current Price	Cost	Value
GlobalTest	3000	0.25	0.24	776	720
Ban Joo	5000	0.095	0.14	501.5	700
Acma	8000	0.13	0.12	1066.4	960

Acma retreated to 0.12, Global Test remain stagnant as there is no clue or direction for tech stocks whilst Ban Joo were sold down in the earlier session which see it unchanged at the end of the day when shortists covered back their position.

Long term counters: Sembcorp propelled on to $5.50 despite thunder storm whilst Comfort holding strong ground at $2.200.

As you can see, Kospi is the only index, unaffected by the global correction, because it really has corrected enough when the other indices' bull running like there is no tomorrow. Room for growth - Thailand, India and Korea equity funds. Election is coming for Taiwan, may want to monitor Taiwan's equity performance soon.

Any opinion herein is made on a general basis and is not an inducement to trade.