Market Analysis—Jan 2023

2023/03/01

Global market opened higher at the beginning of 2023 driven by both China re-opening and easing concern of further monetary policies tightness in US.  On equity side, SPX rose by 4.8%. DAX increased by 8.7%. HSI and SHCOMP rallied by 10.4% and 5.4% respectively. Commodity index rebounded as well which primarily led by metals. Copper…

Market Analysis—Dec 2022

2023/01/26

2022 was a tough year for investors. Global economy had been materially impacted by tightening policies in developed economies and strict Covid Zero control in China. Risk asset prices declined across the board. On equity side, SPX plummeted by 19.4%. DAX declined by 12.93%. HSI slumped by 15.5% while SHCOMP also declined by 15.5% through…

Market Analysis—Nov 2022

2022/12/28

In November, global stock market rallied driven by the bullish outlook of China reopening and lower than expected inflation data in US. SP500 rallied by 5.4% to 4080. DAX increased by 8.6% to 14397. China market outperformed due to the rising expectation on clearer path to remove Covid Zero policy. HSI surged by 26.6% to…

Market Analysis—Oct 2022

2022/11/14

In October, US and Europe stock market advanced given the rising expectation that the most intensive interest rate hikes might be left behind soon. SP500 rallied by 8.0% to 3872. DAX increased by 9.4% to 13254. China market underperformed due to the weak economic demand and sustained restrict Covid Zero policy post 20th Party Congress.…

Market Analysis—Sep 2022

2022/10/18

In September, global stock market continued to slide given the concern of faster tightening trajectory of central banks amidst sustaining high inflation and slowing global demand. SP500 slumped by 9.3% to 3586. DAX dropped by 5.6% to 12114. Hongkong market underperformed as HSI went down by 13.7% to 17223. A share weakened as well despite…

Market Analysis—Aug 2022

2022/09/13

In August, global stock market resumed downturn given the hawkish policy stance from central banks and slowdown of economic growth. SP500 slumped by 4.2% to 3955. DAX plunged by 4.8% to 12835. China market slightly outperformed despite a mild decline as well. HSI was down by 1.0% to 19954. SHCOMP went down by 1.6% to…