World Markets Watchlist: September 22, 2025

Global equity markets have demonstrated broad strength through September 22, 2025, with all nine major indexes tracked posting year-to-date gains. Hong Kong's Hang Seng led this performance with a significant 34.3% return, followed by Canada's TSX at 20.3% and China's Shanghai at 17.4%, indicating robust growth in select regions. In contrast, India's BSE SENSEX recorded the smallest gain among the group, up only 2.8% year-to-date, highlighting considerable divergence in regional market performance.

Analysis

Global equity markets have demonstrated broad strength year-to-date through September 22, 2025, yet performance is highly divergent across regions. Hong Kong's Hang Seng index is the definitive outperformer, delivering a 34.3% gain, a trend corroborated by the exceptionally strong sentiment score (0.8) for its corresponding ETF (EWH). Canada's TSX and China's Shanghai index have also shown robust momentum, returning 20.3% and 17.4% respectively, with their associated ETFs (EWC, KWEB) reflecting similarly positive sentiment of 0.7 and 0.6. In stark contrast, India's BSE SENSEX has significantly lagged its global peers, posting a modest 2.8% gain, which aligns with the notably low sentiment score (0.2) for the iShares MSCI India ETF (INDA). While other developed markets like the U.S. have contributed to the global rally, their performance appears more moderate, as suggested by the sentiment scores for related ETFs such as SPY (0.3). The report's focus on relative performance since various historical start dates indicates a technical approach to evaluating the current market environment, emphasizing momentum and regional selectivity.

Key Decisions for Investors

• Given the significant outperformance and strong positive sentiment for Hong Kong (Hang Seng +34.3%) and Canada (TSX +20.3%), investors should assess opportunities to capitalize on this pronounced momentum, potentially through targeted instruments like EWH and EWC.