2020 started with overcast skies as COVID-19 rampaged across the globe, causing economic and social mayhem. Stock markets plunged, on a scale that exceeded that of the Great Depression1. With the longevity of the virus, many countries are experiencing wave after wave of outbreaks. National lockdowns and social distancing are now norms. Many key events have either been postponed, cancelled or transformed into virtual affairs. The 2020 Japan Olympics has been postponed while the US and Singapore forged ahead with elections successfully. Fortuitously, vaccine development in the last quarter of the year propelled stock markets to new highs. But even as the vaccines are slowly being shipped and administered globally, the virus rages on. The global recovery could, thus, be...
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Takeaways: All three US major indices hit their all-time highs in late November, before taking a breather as markets consolidated. Electronic vehicle (EV) makers continued to dominate as investors bet on their future. . Finally, some positive news on the vaccine front from Pfizer and Moderna, which announced better-than-expected drug efficacies. Here are November’s top 10 traded US stocks on Phillip’s Online Electronic Mart System (POEMS), based on gross market value traded. All three US major indices – Dow Jones, S&P 500 and Nasdaq Composite – made their new all-time highs in November. The Dow closed above 30,000 points for the first time, at 30,046.24 on 24 November 2020. S&P 500 traded at its 3,600 range while Nasdaq traded above...
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At a glance Tech companies are thriving during COVID-19, especially those in China New innovative businesses are forging ahead to exploit opportunities in online businesses Physical retail stores have stayed depressed while online shopping continues to surge Here are October’s top 5 Hong Kong stocks on Phillip’s Online Electronic Mart System (POEMS), based on gross market values traded. Tech held steadfastly to its top spot in October, on the back of demand for more services and new innovative gadgets amid COVID-19. From the 5th position up are: 5th: Semiconductor Manufacturing International Corporation (Hong Kong: 0981) Source: Bloomberg SMIC is a semiconductor foundry. It provides services such as chip testing, development, design, manufacturing and packaging. Think about it. Chips are ubiquitous...
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This article is part of the US Election series brought to you by POEMS. #USElection2020. The US election is less than a week away and many pressing questions remain. Our analysts have rounded up the top 10 most frequently asked questions on the potential impact on markets. Check out our previous US Election Scenario Analysis, All You Need to Know as An Investor, Impact of Tax Policies on your Investments, Understanding the Impact on the Tech Sector, US-China Trade War Timeline, A Health Check of US Election 2020 and more. The top 10 questions on investors’ minds: 1. What happens if election results are contested? Even if the election outcome is contested, the country will have a President on Inauguration...
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