The US equity market defied expectations of September seasonal weakness, with the S&P 500 index gaining 4% this month. With the exception of India, many global markets have also seen gains, with US, Hong Kong and Japan up 30% in USD terms since April , Europe up 20%, Korea and Taiwan up 50%.
In this episode of The Week in Markets, Richard Tang, Head of Research Hong Kong at Julius Baer, considers if we should ride this momentum in the Chinese equity markets. He examines investor flows and positioning, asset re-allocation trends from domestic retail investors, and recent market pullbacks in the tech and pharmaceutical sectors. He also looks ahead at key fourth quarter events and catalysts to watch – such as the meeting between Presidents Donald Trump and Xi Jinping at the APEC summit, and the Fourth Plenum of the Chinese Communist Party.
Richard also highlights Julius Baer’s latest views on Singapore equities, which we have recently upgraded to Overweight. Please also check out our recent episode on the Singapore dollar and equities at the following links:
Apple: https://podcasts.apple.com/us/podcast/singapore-dollar-small-but-mighty/id1552236298?i=1000728312662
Spotify: https://open.spotify.com/episode/0Io10QxFwEkbNQzJNDUpbM?si=rwR9CLdoQISPC79v8SKAGQ