In 2022, against the backdrop of tension in Russia and Ukraine, energy prices pushing up inflation and strong interest rate hikes by the Federal Reserve, the performance of all major asset classes in the world remained depressed, with only the dollar index and some commodity futures making positive gains.

Specifically, although the performance of energy declined in the second half of this year, it was still the best performing asset class in 2022, with NYMEX natural gas rising 22.23% this year due to the conflict between Russia and Ukraine.

Due to the negative impact of the liquidity crunch of the US dollar, stocks and bonds in Europe and the United States have been killed. The Hang Seng Index has shaken off its previous bottom position after a rebound since November, and the Nasdaq, which has fallen more than 30%, has become the worst-performing major index this year, with only the Singapore Straits Index recording positive gains.