全球市场动态 11 月回顾-Global In the Flow November Recap

December 2, 2025 08:50 AM GMT Global In the Flow November Recap Performance – NASDAQ underperformed; USTs bull- steepened; silver outperformed Equity markets broadly remained flat on the month, belying significant intra-month moves. NASDAQ (-1.5%), MSCI China (-2.4%) and MSCI EM (-2.5%) underperformed, while Topix (+1.4%) outperformed. Technology (-4.9%) was the main laggard, while healthcare (+7.7%) led global equity sectors. The US Treasury curve bull-steepened, and in credit, IG widened while HY tightene ...