In today’s briefing:
- Is There a January Effect in Hang Seng Index?
Is There a January Effect in Hang Seng Index?
- We observed an interesting January effect for HSI in recent years. The Index posted the best monthly return in a year in four out of six Januarys since 2017.
- At an average return of 3.9%, January is also the second best month for HSI. If not the super-strong Nov in 2022, January will rank as the best.
- Conducive factors for a good January in 2023 include encouraging message from Central Economic Work Conference, moderation in US rate hike, rebound in Rmb and more relaxations in COVID measures.
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