Global Equities Witness a Bumpy Ride in January

In the first month of 2024, markets have exhibited a rather muted and somewhat volatile performance, despite experiencing an uptick.

During the shortened trading week due to the holiday for Martin Luther King, Jr. Day, in the U.S., the stocks mostly closed on a higher note in the past fortnight. However, gains were limited and primarily concentrated in growth stocks, with the equally weighted S&P 500 Index experiencing a slight decline. Information technology shares, particularly in the semiconductor sector, performed well. NVIDIA and Advanced Micro Devices (AMD), two prominent AI chip manufacturers, saw significant strength.