{"id":2719,"date":"2023-04-03T15:40:43","date_gmt":"2023-04-03T07:40:43","guid":{"rendered":"https:\/\/www.syfe.com\/hk\/magazine\/?p=2719"},"modified":"2023-04-03T17:35:01","modified_gmt":"2023-04-03T09:35:01","slug":"weekly-market-wrap-3-april-2023","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/","title":{"rendered":"Weekly Market Wrap | 3 April 2023"},"content":{"rendered":"\n<p>#NASQAQ_BullRun #BABASplit #LULUResults&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Topic #1: NASDAQ surged into a new bull market after 3 years<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-7-1024x569.png\" alt=\"\" class=\"wp-image-2707\" srcset=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-7-1024x569.png 1024w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-7-300x167.png 300w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-7-768x426.png 768w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-7-696x386.png 696w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-7-1068x593.png 1068w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-7-756x420.png 756w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-7.png 1484w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&amp;P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why did it happen?<\/h2>\n\n\n\n<p>Investors have been speculating that weaker economic data and the risk of a recession, exacerbated by recent bank stresses could prompt the Federal Reserve to halt interest rate hikes sooner than expected. As a result, technology stocks have outperformed the market this year, with investors using the sector as a safe-haven amidst declines in financials.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What happened next?<\/h2>\n\n\n\n<p>Central banks worldwide have moved to reassure investors that the financial situation is much better than during the 2008 financial crisis, with improved liquidity ratios. They have also acted to calm the markets which were facing high levels of volatility by providing dollar liquidity to stabilize the situation. However, investor attention has shifted to the blow that some Credit Suisse bondholders will face, leading regulators to try to prevent a market rout for convertible bank bonds. Some of these bonds have dropped to zero value (AT1 Bonds), while equity shareholders are still going to be paid.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Topic #2: ALIBABA split-up<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-8-1-1024x613.png\" alt=\"\" class=\"wp-image-2720\" width=\"1024\" height=\"634\"\/><figcaption class=\"wp-element-caption\"><strong><em>Alibaba\u2019s price chart for the week (Source: Google Finance)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p>Chinese e-commerce giant Alibaba Group Holding has announced a plan to split its $220bn empire into six units, each of which will raise funds and explore initial public offerings (IPOs). This announcement led to a more than 14% surge in share price on 28 March.<\/p>\n\n\n\n<p>Alibaba said the biggest restructuring in its 24-year history would see it split into six units. This move marks the biggest overhaul in the company\u2019s history and addresses both the Chinese government\u2019s distrust of Big Tech and investors\u2019 worries over regulatory crackdowns.<\/p>\n\n\n\n<p>Alibaba\u2019s restructuring is a significant change from its usual strategy of keeping most of its operations under one roof, which has been criticised for enabling monopolistic behavior. By giving more autonomy to its main divisions, including e-commerce, media, and cloud services, Alibaba is creating a basis for future spin-offs and market debuts. This move is aimed at increasing agility, reducing the time needed to make decisions, and enabling quicker responses to market changes.<\/p>\n\n\n\n<p>The split-up could also serve as a template for Alibaba\u2019s peers, such as Tencent Holdings, which may explore similar actions in a loosened regulatory regime. Corporate divisions can often create shareholder value by directing focus towards profitable business segments separated from the parent company or by removing unprofitable divisions from the main operation.<\/p>\n\n\n\n<p>While the Fed stated that the U.S. banking system is \u201csound and resilient,\u201d it acknowledged that recent developments could result in tighter credit conditions for households and businesses, affecting economic activity and inflation. Powell also noted the need for more regulatory supervision in light of the recent bank runs, which were faster than those seen in the past.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Topic #3: Lululemon results beats estimates<\/h2>\n\n\n\n<p>Lululemon Athletica reported strong fourth-quarter earnings, with revenue increasing to $2.77bn, beating analysts\u2019 expectations of $2.7bn. Adjusted earnings per share were $4.40, up from $3.36 per share a year earlier, and ahead of the expected $4.26 per share.<\/p>\n\n\n\n<p>The results indicate that the demand for athleisure and yoga apparel has not waned despite the inflationary pressures and signs of recession. The company\u2019s ability to raise prices without deterring consumers and maintaining its profitability is an encouraging sign for the retail sector.<\/p>\n\n\n\n<p>The increase in Lululemon\u2019s total comparable sales by 27% highlights the company\u2019s strong growth potential and customer loyalty. Its continued expansion of its men\u2019s line and international business is expected to contribute further to the company\u2019s revenue growth in the future.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"785\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1-1024x785.png\" alt=\"\" class=\"wp-image-2722\" srcset=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1-1024x785.png 1024w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1-300x230.png 300w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1-768x589.png 768w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1-696x534.png 696w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1-1068x819.png 1068w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1-548x420.png 548w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1-80x60.png 80w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/pasted-image-0-9-1.png 1518w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Lululemon Inventory levels (Source: Statista)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p>The rise in inventories, although initially concerning, is also a positive sign that the company is recovering from its inventory issues. CEO Calvin McDonald\u2019s statement that the rise in inventory fueled business last quarter, along with his assurance that the company does not have an \u201cinventory issue\u201d could instill investor confidence in Lululemon\u2019s ability to manage its inventory effectively going forward.<\/p>\n\n\n\n<p>Overall, Lululemon\u2019s results and outlook suggest that the company is on a growth trajectory, and the continued demand for athleisure apparel could propel the company\u2019s growth further.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"841\" height=\"182\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-2.28.30-PM.png\" alt=\"\" class=\"wp-image-2713\" srcset=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-2.28.30-PM.png 841w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-2.28.30-PM-300x65.png 300w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-2.28.30-PM-768x166.png 768w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-2.28.30-PM-696x151.png 696w\" sizes=\"auto, (max-width: 841px) 100vw, 841px\" \/><figcaption class=\"wp-element-caption\">Google Finance<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&#038;P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%.<\/p>\n","protected":false},"author":27,"featured_media":2717,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-2719","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-marketnow"},"acf":{"readingTime":"","authorName":"","authorThumbnail":false,"BLUE_TIER":"0","BLACK_TIER":"0","GOLD_TIER":"0","PRIVATE_WEALTH_TIER":"0","PRE_AML":"0","POST_AML":"0","NO_GLOBAL_PORTFOLIO":"0","NO_REITS_PORTFOLIO":"0","NO_EQUITY_PORTFOLIO":"0","NO_CASH_PORTFOLIO":"0","HAS_ADVISOR":"0","INVESTMENT_PORTFOLIO_AUM":"0","AFTER_AML_DATE":"","AFTER_ACCOUNT_CREATED_DATE":"","language":"all"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Market Wrap | 3 April 2023 | Magazine | Syfe HK<\/title>\n<meta name=\"description\" content=\"The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&amp;P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Market Wrap | 3 April 2023 | Magazine | Syfe HK\" \/>\n<meta property=\"og:description\" content=\"The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&amp;P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Magazine | Syfe HK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SyfeHongKong\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-03T07:40:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-03T09:35:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Syfe Hong Kong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Syfe Hong Kong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/\"},\"author\":{\"name\":\"Syfe Hong Kong\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/person\/55fc487727b9fc7ac816eeab1de21a51\"},\"headline\":\"Weekly Market Wrap | 3 April 2023\",\"datePublished\":\"2023-04-03T07:40:43+00:00\",\"dateModified\":\"2023-04-03T09:35:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/\"},\"wordCount\":750,\"publisher\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg\",\"articleSection\":[\"Market Now\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/\",\"url\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/\",\"name\":\"Weekly Market Wrap | 3 April 2023 | Magazine | Syfe HK\",\"isPartOf\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg\",\"datePublished\":\"2023-04-03T07:40:43+00:00\",\"dateModified\":\"2023-04-03T09:35:01+00:00\",\"description\":\"The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#primaryimage\",\"url\":\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg\",\"contentUrl\":\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg\",\"width\":1080,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.syfe.com\/hk\/magazine\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weekly Market Wrap | 3 April 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#website\",\"url\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/\",\"name\":\"Magazine | Syfe HK\",\"description\":\"Syfe Magazine helps you do better\",\"publisher\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#organization\",\"name\":\"Syfe Hong Kong\",\"url\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2022\/06\/Syfe-Logo.png\",\"contentUrl\":\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2022\/06\/Syfe-Logo.png\",\"width\":1080,\"height\":1080,\"caption\":\"Syfe Hong Kong\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/SyfeHongKong\",\"https:\/\/www.instagram.com\/syfehk\/\",\"https:\/\/www.linkedin.com\/company\/syfe\/\",\"https:\/\/www.youtube.com\/channel\/UCmggQNC9xRW1JQ3UtvbRR6Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/person\/55fc487727b9fc7ac816eeab1de21a51\",\"name\":\"Syfe Hong Kong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/02012df03784a5c2399da945359b1fb6945e35801faec56b70fc7c8b96649c0e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/02012df03784a5c2399da945359b1fb6945e35801faec56b70fc7c8b96649c0e?s=96&d=mm&r=g\",\"caption\":\"Syfe Hong Kong\"},\"url\":\"https:\/\/www.syfe.com\/hk\/magazine\/author\/terence-chu\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Weekly Market Wrap | 3 April 2023 | Magazine | Syfe HK","description":"The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/","og_locale":"en_US","og_type":"article","og_title":"Weekly Market Wrap | 3 April 2023 | Magazine | Syfe HK","og_description":"The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%.","og_url":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/","og_site_name":"Magazine | Syfe HK","article_publisher":"https:\/\/www.facebook.com\/SyfeHongKong","article_published_time":"2023-04-03T07:40:43+00:00","article_modified_time":"2023-04-03T09:35:01+00:00","og_image":[{"width":1080,"height":1080,"url":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg","type":"image\/jpeg"}],"author":"Syfe Hong Kong","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Syfe Hong Kong","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#article","isPartOf":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/"},"author":{"name":"Syfe Hong Kong","@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/person\/55fc487727b9fc7ac816eeab1de21a51"},"headline":"Weekly Market Wrap | 3 April 2023","datePublished":"2023-04-03T07:40:43+00:00","dateModified":"2023-04-03T09:35:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/"},"wordCount":750,"publisher":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#organization"},"image":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg","articleSection":["Market Now"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/","url":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/","name":"Weekly Market Wrap | 3 April 2023 | Magazine | Syfe HK","isPartOf":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#primaryimage"},"image":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg","datePublished":"2023-04-03T07:40:43+00:00","dateModified":"2023-04-03T09:35:01+00:00","description":"The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%.","breadcrumb":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#primaryimage","url":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg","contentUrl":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg","width":1080,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.syfe.com\/hk\/magazine\/weekly-market-wrap-3-april-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.syfe.com\/hk\/magazine\/"},{"@type":"ListItem","position":2,"name":"Weekly Market Wrap | 3 April 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#website","url":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/","name":"Magazine | Syfe HK","description":"Syfe Magazine helps you do better","publisher":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#organization","name":"Syfe Hong Kong","url":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/logo\/image\/","url":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2022\/06\/Syfe-Logo.png","contentUrl":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2022\/06\/Syfe-Logo.png","width":1080,"height":1080,"caption":"Syfe Hong Kong"},"image":{"@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SyfeHongKong","https:\/\/www.instagram.com\/syfehk\/","https:\/\/www.linkedin.com\/company\/syfe\/","https:\/\/www.youtube.com\/channel\/UCmggQNC9xRW1JQ3UtvbRR6Q"]},{"@type":"Person","@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/person\/55fc487727b9fc7ac816eeab1de21a51","name":"Syfe Hong Kong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.syfe.com\/hk\/magazine\/zh-hant\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/02012df03784a5c2399da945359b1fb6945e35801faec56b70fc7c8b96649c0e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/02012df03784a5c2399da945359b1fb6945e35801faec56b70fc7c8b96649c0e?s=96&d=mm&r=g","caption":"Syfe Hong Kong"},"url":"https:\/\/www.syfe.com\/hk\/magazine\/author\/terence-chu\/"}]}},"uagb_featured_image_src":{"full":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg",1080,1080,false],"thumbnail":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-150x150.jpg",150,150,true],"medium":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-300x300.jpg",300,300,true],"medium_large":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-768x768.jpg",696,696,true],"large":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-1024x1024.jpg",696,696,true],"1536x1536":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg",1080,1080,false],"2048x2048":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg",1080,1080,false],"td_0x420":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-420x420.jpg",420,420,true],"td_218x150":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-218x150.jpg",218,150,true],"td_324x400":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-324x400.jpg",324,400,true],"td_485x360":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-485x360.jpg",485,360,true],"td_696x0":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-696x696.jpg",696,696,true],"td_1068x0":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-1068x1068.jpg",1068,1068,true],"td_1920x0":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg",1080,1080,false],"td_100x70":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-100x70.jpg",100,70,true],"td_265x198":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-265x198.jpg",265,198,true],"td_324x160":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-324x160.jpg",324,160,true],"td_324x235":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-324x235.jpg",324,235,true],"td_356x220":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-356x220.jpg",356,220,true],"td_356x364":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-356x364.jpg",356,364,true],"td_533x261":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-533x261.jpg",533,261,true],"td_534x462":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-534x462.jpg",534,462,true],"td_696x385":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-696x385.jpg",696,385,true],"td_741x486":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-741x486.jpg",741,486,true],"td_1068x580":["https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-1068x580.jpg",1068,580,true]},"uagb_author_info":{"display_name":"Syfe Hong Kong","author_link":"https:\/\/www.syfe.com\/hk\/magazine\/author\/terence-chu\/"},"uagb_comment_info":0,"uagb_excerpt":"The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&P 500 Index has risen by 4.9% this year, while the&hellip;","category":"Market Now","authorName":"Syfe Hong Kong","thumbnail":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7-150x150.jpg","featuredImage":"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2023\/04\/Untitled-design-7.jpg","_links":{"self":[{"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/posts\/2719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/comments?post=2719"}],"version-history":[{"count":4,"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/posts\/2719\/revisions"}],"predecessor-version":[{"id":2754,"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/posts\/2719\/revisions\/2754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/media\/2717"}],"wp:attachment":[{"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/media?parent=2719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/categories?post=2719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.syfe.com\/hk\/magazine\/wp-json\/wp\/v2\/tags?post=2719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}