ππ Key indexes of all the Asia Pacific ππ°π―π΅πΈπ¬π²πΎπ°π·π¦πΊstock markets were in red today following the fall in πΊπΈ U.S. stock exchange ππovernight.
$E-mini S&P 500 - Dec 2022(ES2212)$ -0.18%
$E-mini Nasdaq 100 - Dec 2022(NQ2212)$ -0.3%
$DJIA(.DJI)$
$Apple(AAPL)$
Stocks slipped as China data compounds recession fear. Recent data had highlighted the uncertaintyover the economic outlook and the Federal Reserve's response.
Hong Kong's $Hang Seng Index (HSI)$ fell by -3.23%. China's $Shanghai Composite (SSE)$ droppe-0.4%. $Shenzhen Component Index)$ is the only green spot which gained +0.17%.
The Singapore's $Straits Times Index(STI.SI)$
Among the ASEAN member countries covered in their report, they point out that Singapore has been ranked first out of 160 countries for logistics competence and timeliness of services, and second in Asia on the World Bank's Logistics Performance Index score.
Specifically for Singapore, they think that it should maintain its pole position as Asia's top logistics hub on the back of supply chain shifts, government policies and major infrastructure upgrades to its seaport and airport.
This is supported by the Singapore government's expectations that the logistics sector will post an annual value-added (VA) growth of 2% to $6.9 billionby 2025 and add 2000 new jobs.
For the U.S. stock market open today, is it better to just keep the existing investment in it now? It difficult to time the market with the volatility and uncertainty in the macroeconomic environment.
Do DYODD before any investment and Good Luck.
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