Week InReview: December 23, 2022

Unhappy holidays.

Asian equities face a gloomy end to the week after a slump in US tech stocks and more economic data validating the case for the Federal Reserve to keep hiking interest rates. Futures for shares in Hong Kong, Japan and Australia fell, along with an index of US-listed Chinese companies, after the S&P 500 closed down 1.5%. Tech stocks are heading for their worst December since the dotcom crash of 2002. On the flipside, these were the best-performing trades of 2022.

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