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Weekly Market Updates - September 12th
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Weekly Market Updates


Markets ended slightly lower amid a shortened week with HK markets being disrupted by a massive storm. All 3 US bourses ended slightly lower with European markets following suit.


MKT  0912


Asian markets' initial week losses were slightly offset by positive news surrounding the repayment of debt from Country Garden which perhaps provided investors with a not-so-gloomy outlook. With Chinese real estate now being on close watch by the Chinese authorities, investors are anticipating more support being rolled out.


Global investors’ eyes will still be on this month's Federal Open Market Committee (FOMC) for trading/buying directives.


标准普尔500指数-3年走势
香港恒生指数-3年走势
海峡时报指数-3年走势

Main Index & P/E Ratio-3 years


On the note of geopolitical relationships, countries gathered for the recent G20 summit where the US and China relationship was one of the focus topics.


This is due to the recent new Huawei Mate 60 Phone launch which was powered by a Made-in-China chip, hugely shocking US watchdogs as the previous sanctions on chips were precisely meant to hold back China’s technological advancement.


With sanctions now seemingly not of much fruition, a potential rebound in the Chinese economy will be one to watch for Q4 2023.



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Investment views


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