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Morgan Stanley says Chinese stocks are showing no signs of overheating that could result in repeat of 2015 sell-off

Chinese stocks’ world-beating rally has still some way to go and a repeat of the 2015 meltdown that wiped out US$5 trillion in market capitalisation is highly unlikely, according to Morgan Stanley research released on Wednesday.Analysts at the US investment bank, led by Laura Wang, based the argument on a newly introduced aggregate gauge of nine metrics for the Chinese market, including trading values, new account openings and the number of stocks hitting daily limits.Measured on a 0-100 scale,… Source link

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Singapore 

Overheating wok leads to fire at Telok Blangah hawker centre, 12 stalls affected, Singapore News

SINGAPORE – A fire broke out at a hawker centre in Telok Blangah on Monday morning (Feb 11). At least 12 stalls were affected after the gas supply was cut as a result, Chinese paper Shin Min Daily News reported. The Singapore Civil Defence Force (SCDF) said that it responded to the fire at 11 Telok Blangah Crescent at 9.08am. The fire involved a wok in a hawker stall, the SCDF said. No injuries were reported. The first firefighter who arrived at the scene observed flames coming from a partially…

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