“The stock market can be scary and take unexpected turns,” says broker eToro, which analyzes the “tricks” and “treats” of the stock market so far this year on the occasion of Halloween celebrations. Its compilation includes an annual breakdown of the largest markets and their performance, industries, and the most famous and least visible companies.
Analytical data as of October 17 shows that global stock markets as a whole have risen by 9% this year. But some countries are doing particularly well, and Spain is one of them. The national stock market rose 14%, tied for fourth and fifth place with the United States, with the same increase.The best market is Japan Japan’s profits reached 22%, This is followed by Italy (19%) and Taiwan (17%).
“While U.S. stocks soar, it is Asian markets that will benefit from the opportunities in 2023. Japanese stocks are often overlooked, but the world’s second-largest stock market is benefiting from Japan’s new competitiveness.” your currency. Meanwhile, the reopening of China’s economy has dashed investors’ high expectations and led to a stock market crash. ” explained Ben Laidler, global market strategist at eToro.
Experts cited the weakness of the yen. In terms of exchange rate against the U.S. dollar, the U.S. dollar has appreciated 13% against the Japanese yen so far this year. The exchange rate is 149 yen per US dollar. Last week, the North American currency hit yearly highs against its Asian peers, with the Japanese yen rising above 150 yen, above the level monitored by the Bank of Japan (BoJ) as a sign of its intervention.However, the ultra-loose monetary policy of the organization led by Kazuo Ueda benefit the stock market, As Lederer emphasized.
On the other side are Hong Kong stocks, which are down 20% so far, Thailand (-13%), China (-10%), Malaysia (-6%) and Singapore (-3%). .Although this year is expected to be China’s year of recovery, the market Already disappointed Investors were informed of the country’s difficulties in recovering from years of zero coronavirus case policy. Currently, the stock market is trading in negative territory, ranking third among large stocks.
From an industry perspective, it’s no surprise that semiconductors were the best performer during the ten months. The chip market surged 71% Nvidia, It has attracted much attention as a benchmark in the field of artificial intelligence, with an increase of 200%. That is, its stock price tripled. However, some companies outside the industry have surpassed the US company, with this Turkish company specializing in power networks seeing growth of up to 900%. Astor Enaghi Or 700% for used cars Kavanagh.
Next, communications and entertainment media rebounded by 52%, communications by 40%, information technology by 35%, and hardware technology by 28%. Conversely, the worst sectors are utilities (-21%), telecommunications (-16%), banks (-16%), real estate (-10%) and food, beverages and tobacco (-10%).
Most punished stocks include India Group AdaniChinese real estate company, U.S. auto parts retailer advanced cars, discount store Dollar General and cable TV providers plate, dropped by 60%. Renewable energy is not far off either. solar edge and Favor.
spanish market
At home, eToro experts note that the returns of Spanish companies are less linked to the industry in which they operate. Index and Rowe They top the promotion list with 41% each. BBVA and Santander stood out, with 37% and 27% respectively.
However, the waterfall is Be more relevant to the behavior of their industry than in the case of profit. Acciona Energía and Solaria from renewable energy fell 37% and 21% respectively. Brick Colony and Merlin Estates wiped out 13% and 11% of their value respectively.
“Interestingly, sectoral concentration is much higher on the dark side of the scale than on the positive side. The contrast is a reminder that having a Investment Strategy: Just like buying candy, investors must choose between varieties or specialize in a niche and take risks on flavors. ” said Javier Molina, senior market analyst at the platform.
“In the complex world of stock investing, it appears that certain sectors of the stock market are mimicking the variety and surprises of Halloween trick-or-treating. On the bright side, so far this year, from a profitability standpoint Look, things could improve. Compared to a bag of sweets, there’s a variety of sweets in there,” he added.