International Stocks Continue Charging Ahead 🚀

Key Takeaways

• Hong Kong’s Hang Seng Index has jumped 19.3% year-to-date as of June 13, fueled by a tech rally.
• With 18.1% returns, Germany's DAX 40 Index is being propelled by armsmakers due to an influx in defense spending.
• By comparison, the S&P 500 has gained just 1.6% given trade uncertainty.

Hang Seng Index Outshines the Rest

While mainland China’s markets remain sluggish, Hong Kong’s Hang Seng Index is surging, driven by investor optimism around DeepSeek.

Additionally, retail giant Shein is reportedly considering shifting its IPO from London, while battery maker CATL raised over $4 billion in an IPO in May.

With U.S. markets weighed down by tariff disruptions, the Hang Seng is positioning itself as the world’s top IPO destination in 2025, in an otherwise challenging market.