I am wrong. It appears that this October month is going to be better than I had expected.
In the span of two weeks, the stock indices rose. Nikkei 225 jumped 4.9%. The Straits Times Index (STI) rose 2.3%.
|Stock Indices||11-Oct-19||28-Oct-19||YTD Change|
|Nikkei 225 (Japan)||21,798.87||22,867.27||4.9%|
|S&P 500 (USA)||2,970.27||3,039.42||2.3%|
|Hang Seng (HK)||26,308.44||26,891.26||2.2%|
|UK FTSE 100||7,247.08||7,331.28||1.2%|
|Dow Jones (USA)||26,816.59||27,090.72||1.0%|
The year-to-date changes in the stock indices as at yesterday is shown below:
|Stock Indices||31-Dec-18||28-Oct-19||YTD Change|
|S&P 500 (USA)||2,506.85||3,039.42||21.2%|
|Dow Jones (USA)||23,327.46||27,090.72||16.1%|
|Nikkei 225 (Japan)||20,014.77||22,867.27||14.3%|
|UK FTSE 100||6,728.13||7,331.28||9.0%|
|Hang Seng (HK)||25,845.70||26,891.26||4.0%|
Nasdaq, S&P 500 and Shanghai Composite Index performed exceptionally well. The STI is now 3.8% above last year’s closing figure.
Also note that we started the year 2019 with a low base for most stock indices at end 2018. The figures now were a catch-up from the low bases.
So long as the US does not rock the boat on world trade, especially trade with China, we could see some stability in the stock markets.
Copyright © 2019, limkimtong for Living Investment
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