Weekly Insight - August 8th, 2022
Global Markets Mixed Amid Tensions
S&P500 and Nasdaq rebounded for a third consecutive week as the second quarter earnings release was generally better than market has expected.
European stocks were lower as central banks are expected to keep on with the aggressive rate hike plans to curb inflation.
China’s stocks closed lower on the back of geopolitical tension caused by Nancy Pelosi’s visit to Taiwan, property developers liquidity concerns and mortgage boycotts.
The Chart of the week: Pelosi’s Trip To Taiwan Highlights TSMC Importance