Weekly Wrap

Global stocks closed higher after the Fed's decision to raise interest rate for 2nd time within 3months time.

Hang Seng index gained the most with 3.1% higher this week, whereas the Straits Times Index gained 1.1%.On YTD basis, the STI and HSI both gained 10% and 10.5%, the most in my main indexes in below table. Bulls are obviously in charge. Refer to below weekly charts for major indexes.