To The Moon

Summary
• The S&P Pan Asia BMI had its best start to the year since 2012, up 7.3% in January. Mid and small caps lagged blue-chips, with the S&P Pan Asia MidCap and the S&P Pan Asia SmallCap clocking up gains of 5.8% and 6.5%, respectively.
• 13 of 14 S&P Pan Asia BMI regions contributed positively to the benchmark’s returns, with China's contribution the most pronouned at 2.1% while laggard India subtracted 0.3%.
• All but one pan-Asia GICS® sectors finished the month in positive territory, with Information Technology, up 12.0% edging out Communication Services, up 10.5%, for the top spot. Utilities, the sole laggard, shed 1.0%.
• All our reported factors started the year on the front foot, with best performing Quality surging 8.8% in January. Even worst performing Momentum gained a respectable 2.2%.
• All of our reported Asian government bond indices gained, with iBoxx ALBI performing best, up 4.5%.
• Reflecting the relative calm in equity markets, the HSI Volatility Index dropped 4 points to finish the month at 25.

Source: https://on.spdji.com/rs/838-LDP-483/images/dashboard-asia-2023-01.pdf?mkt_tok=ODM4LUxEUC00ODMAAAGJrEDjKzS22eoGeyBDJ73dS9O-cvkNwtI_tMzBAVfhgyPxXtEY2qPZrkd91Z0zDbPnSDQYeNPrJ-Wxrgn-7qIPTHK00SdMJMNPU5L2XwOS9JUh