Just like in 2022, financial markets continued to be impacted by the shockwaves from rising interest rates, geopolitical risks and recession fears in the first half of the year (1H2023).
Despite the chaos around the world, US equities have been on the rise — the Dow Jones Industrial Average is up 3% year to date (YTD) while the S&P 500 has advanced 15%. This is a stark contrast to the FBM KLCI, which has declined 7%.
Liew Jia Teng and Kathy Fong (2023, July 13) Cover Story 2: Can things get any worse in 2023?
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