Travel Tips
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- In terms of sectors, communications services and real property investment trusts (REITs) led the way in which last week, whereas the yr-to-date (YTD) underperformers, financials and energy, lagged.
- Last week, the US Federal Communications Commission formally designated Chinese telecoms firms Huawei and ZTE as threats to national security.
- In terms of sector moves round Asia, communication services was the highest performer yr-to-date last week while health care lagged behind.
- Whilst it was a comparatively quiet week when it comes to trade developments, the focus seems to have shifted to tightening rules to handle relations.
The keynote event for the Sustainable Travel & Leisure Program is Building Sustainable Tourism Together, hosted by NYC & Company on the Javits Center. This occasion will feature keynote speakers alongside three panels exploring the most recent sustainability issues for our industry, significantly the hospitality, cultural and conferences/events sectors.
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Asian markets marched forward final week, with the MSCI Asia Pacific Index closing up 1.seventy five{86c82e03c98a0d427414d35704e7bb726bf67225b7eaa1a505a7fe1729b24a9a}. The Shanghai Composite led the way in which, up 5.eight{86c82e03c98a0d427414d35704e7bb726bf67225b7eaa1a505a7fe1729b24a9a}, with sentiment seeing a massive shift through the week regardless of a variety of headwinds remaining. Interestingly, Hong Kong’s Hang Seng Index traded up three.four{86c82e03c98a0d427414d35704e7bb726bf67225b7eaa1a505a7fe1729b24a9a} regardless of turmoil in Hong Kong. In terms of sector strikes around Asia, communication companies was the highest performer year-to-date last week while health care lagged behind. Whilst it was a comparatively quiet week in terms of trade developments, the focus seems to have shifted to tightening laws to handle relations.
