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Data-driven market volatility to persist this week
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Nasdaq gave up 1.9 per cent for the week to end at 13.761.53 points amid news that China has barred the use of iPhones among its state employees.
PHOTO: REUTERS
SINGAPORE - As this column predicted last week, September has turned out to be a volatile month for the market as investors fretted over the muscular US dollar, the sputtering Chinese economy and stubbornly high US bond yields.
Meanwhile, the rise in the Institute of Supply Managers index to a four-month high at 68.9 per cent in August indicates that the United States economy remains strong.
