No let up two weeks later

It has been two weeks since Donald Trump’s tweet on additional tariffs on China export to the US (6 May). Trade negotiations failed between US and China as a consequence.

The stock indices continued to slide even for this week (ended 17 May).

Stock Indices 31-Dec-18 8-May-19 17-May-19
Nasdaq (USA) 6,635.28 7,943.32 7,816.28
Shanghai Composite 2,493.90 2,893.76 2,882.30
S&P 500 (USA) 2,506.85 2,879.42 2,859.53
Dow Jones (USA) 23,327.46 25,967.33 25,764.00
Hang Seng (HK) 25,845.70 29,003.20 27,946.46
Nikkei 225 (Japan) 20,014.77 21,602.59 21,250.09
STI (Singapore) 3,068.76 3,283.84 3,205.46

Between 8 May and 17 May, all the above indices declined further.

Stock Indices YTD Change 8 May YTD Change 17 May % points Change
Nasdaq (USA) 19.7% 17.8% -1.9%
Shanghai Composite 16.0% 15.6% -0.4%
S&P 500 (USA) 14.9% 14.1% -0.8%
Dow Jones (USA) 11.3% 10.4% -0.9%
Hang Seng (HK) 12.2% 8.1% -4.1%
Nikkei 225 (Japan) 7.9% 6.2% -1.7%
STI (Singapore) 7.0% 4.5% -2.5%

The Straits Times Index lost 2.5 percentage points over the period from 7.0% year-to-date change to 4.5% year-to-date change. Hang Seng Index performed the worst (-4.1 percentage points).

Copyright © 2019, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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