Dear readers, one stock market has been very bullish so far this year.
Do you know which stock market is it?
Singapore stock market?
Well, the Singapore stock market has at least made some gains this year. Compared to year 2023, the Singapore stock market has gained 2% (based on the STI).
One stock market has gained more: to the tune of 8.62%. This stock is none other than the Hong Kong stock market.
Hong Kong stock market benchmark index, the Hang Seng Index (HSI), has a stellar performance year-to-date. The index is up 8.62% and is currently Overbought. Based on what I have read from the internet, Hong Kong stocks are on their longest winning streak since year 2018.
Congratulations to those who have gained from the Hong Kong stock market rally! Please note that this post is not a recommendation to enter into Hong Kong market or invest into Hong Kong stocks but is just a sharing of the stock market insights only. Always do your due diligence when it comes to investing.