[ad_1]
Global stocks ended up with weekly losses as worries over continued interest rate hikes persisted. The MSCI World index lost 2.56% last week, following Wall Street’s trajectory . On a weekly basis, the Dow fell 2.77% to post its worst week since September. The S & P tumbled 3.37%, while the Nasdaq dropped 3.99%. Investor attention will be focused on the busy economic calendar this week. The consumer price index is due Tuesday, which is expected to show whether inflation has receded. The U.S. Federal Reserve is expected to deliver a 50 basis point hike at the end of its December meeting on Wednesday. But the following stocks under the MSCI World index stood out for their weekly gains, according to FactSet data. Only two surged more than 20%, while four rose more than 10%. Hong Kong-listed stocks had a good week in particular, as a local news outlet reported the city is considering easing Covid measures further. Casino operator Sands China popped 23.2% over last week. This is the second consecutive week it rose over 20%, with the stock riding on news that Sands China was among six casino operators that were issued new licenses to operate in Macao — the world’s largest gambling hub. Hong Kong-listed shipping company SITC International Holdings rose nearly 12%. The stock stood out for winning a “buy rating” from all analysts covering it — and being given a 67.8% average upside to price target. Hong Kong-based conglomerate Swire Pacific , which has a portfolio of businesses ranging from beverages to property, rose 7.6%. Of analysts covering the stock, 40% gave it 10% upside.
[ad_2]
Image and article originally from www.cnbc.com. Read the original article here.