The market opened up and went on to over 100 points up in the morning. But by lunch time, it was down 6 points. Not much to worry about, right? Wrong!

After lunch, it went from bad to worst. Losing over 300 at one point. We managed to close just above 12,000. Whew!

To what do we owe all this? Worries about interest rates going up in China. There was a rumour that a plan to increase interest rates was submitted to the State Council. Tonight, the central bank denied the rumours.

What happens tomorrow? It's anybody's guess!