$UNITED OVERSEAS BANK LIMITED(_老虎社区_美港股上老虎

part of the reasons that bank shares fall was due to Sea Ltd increased weighing within MSCI Singapore index wef 1 Sep. Index funds tracking the index are selling bank shares and buying Sea ltd to be in line with the MSCI Singapore index. Hence, since early this Sep, bank shares are on the decline. Of course, other factors include the Evergrande news, Fed's coming decisions on stimulus taper timeline etc. Hope bank shares can recover soon. But in short term, selling pressure is there.

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