Weekly Market Updates
The winning streak has finally halted as investors started to fade out from optimism, marking last week’s US performance as the worst week since March 2023. The US sovereign credit rating downgrade from Fitch was also a factor weighing on markets in the past week.
On the one hand, most of the mid-week losses have since recovered.
Asian markets on the other hand which have largely benefited from trailing the US markets, also showing signs of resilience as news of plans to increase policy support on Chinese firms from the Chinese authorities helped keep markets afloat.
Investors will likely be eyeing this week’s China inflation report and trade balances as a gauge of its economic recovery. With that in mind, the valuation of the Chinese risk assets is still on an attractive basis as investors will potentially start to dip-buy back into these cheapened quality assets.
Main Index & P/E Ratio-3 years
With that in mind, valuation of the Chinese risk assets is still on an attractive basis as investors will potentially start to dip-buy back into these cheapened quality assets.
Investment views