Market Pulse - Turning Wobbly

With the rising Covid-19 cases in China as well as the unresolved geopolitical tension between Ukraine-Russia, we believe overall global sentiment may continue to stay volatile and downside risk may persist in the regional stock markets. Several upcoming catalysts for traders to monitor include (i) Russia-Ukraine ongoing negotiations, (ii) upcoming interest rate decision in the US, and (iii) the spike in Covid-19 cases in China, which may affect the manufacturing sector at least in the near term. Hence, investors may stay defensive at least for this week.