Since the beginning of 2022, with the US monetary policy entering a stage of rapid interest rate hikes and the further escalation of the geopolitical crisis, risk appetite in the global market has declined, and most major asset classes have declined. Only some commodity markets, such as energy and agricultural products, have risen slightly. As of October 27:
US stocks fell collectively, with S&P falling 20.12% in 500 years; the US dollar index continued to rise during the year, and only the Russian ruble recorded gains in other major currencies;
The Hang Seng Index did not perform well during the year, with a cumulative decline of 34.06%, and the Hang Seng Technology Index falling 47.29% during the year;
Singapore performed relatively well in the Asia-Pacific market, with the Straits Index falling 3.47% during the year;
The commodity index performed well during the year. Oil and gas prices rose further, oil rose 24.4% during the year, and CBOT wheat in agricultural futures rose 8.82% during the year
Editor/Bill