The highlight of this week has to be the Russian-Ukraine war which crashed global markets. 2022 year-to-date stock indices and forex market performanceThe stock market and forex market are telling us that the biggest loser in the Russian-Ukraine war is the war aggressor who started the war - Russia. Year-to-date,
Singapore Straits Times Index(STI) remains resilient in a week rocked up and down by Russian-Ukraine war jitters. It is the market leader among Asian stock markets today. The USD-adjusted year-to-date gain for STI is 10.06% as of 19Feb2022. Stock indices performance 19Feb2022Right at the top are the stock
2 weeks ago when I observed that STI has become the number one performer gaining 3.93% year-to-date, Straits Times Index(STI) ended this week gaining 9.94% year-to-date. STI has further strengthened its leading position among stock indices year-to-date for the past 2 weeks. To check out the sentiments
As if last week was not bad enough for stock markets, this week was even worse. Notable observations from the table above; Straits Times Index(STI) is now the number one performer among the major stock indices in 2022 year-to-date (28Jan2022)Shenzhen Composite Index has tumbled to almost the bottom.
Highlight this week was Hong Kong's stock market performance. Global stock indices sorted in descending order with respect to the 50-day moving average (*percentage over exponential moving averages)Hang Seng Index(HSI) rose 3.79% this week. HSI has shown enough recovery that there is enough bullishness for traders to