Although outshone by performance of other markets over the month of August, the European market remains on a stable rising path, as the wide range of supportive factors remains in place. Disregarding the resurgent COVID threat in the continent, the European STOXX 600 index managed to gain 1.98% (1.53% in US$ terms).

Modest policy direction and continued regulatory actions pressured Chinese equity markets, certain companies were able to mount a comeback, but the overall market remains on the soft end. Over the month of August, the CSI 300 index lost 0.12% (0.10% in US$ terms), the Shanghai Composite was up 4.31% (4.33% in US$ terms), whereas the Hong Kong Hang Seng Index was also down 0.32% (0.38% in US$ terms).

Even though the economy is seemingly slowing down, and the pandemic situation is getting more severe, US equities continue to post strong numbers. With the support of improving corporate earnings and supportive monetary policies, the NASDAQ, S&P 500, and Dow Jones were up by 4.00%, 2.90%, and 1.22% respectively over the month of August.

Weekly Insight September 17

The 2020-21 Good MPF employer award is organized by the MPFA for seven consecutive years since 2015.

Weekly Insight September 10

Weekly Insight September 3