It's 'Ghost Month' in Asia

File: ghost month.jpg (463KB, 900x613px) Image search: [Google]

463KB, 900x613px

This explains why volume has decreased for Asian coins.

>“Volumes could thin…with the start of the Chinese ghost month, with majority on cautious mode over political headlines,” online brokerage 2TradeAsia.com said in a weekly market note.

http://bworldonline.com/stocks-dip-thin-trade-ghost-month-starts/

What is Ghost Month?

Ghost Month, also known as the Hungry Ghost Festival, is a Taoist and Buddhist belief that "hungry ghosts" or restless spirits roam the Earth and cause mischief on the 7th month of the lunar calendar. This mischief can be anything from accidents and crime to unexpected deaths and business failures.

Offerings

To appease the spirits, people offer food, incense, and burn "faux money." In countries like China and Singapore, they even hold comedy and opera shows, auctions, and dinners to entertain the spirits.

This 2017, Ghost Month lands on August 22 to September 19. Ghosts are most vicious and are much stronger on the 15th day of the 7th month (September 5 in 2017), so it's most important to make offerings on that day.

https://www.rappler.com/life-and-style/arts-and-culture/179548-ghost-month-philippines-things-to-know

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