23/10/2026
Navigating The Markets This Week 🧭
Global equities came under pressure this week, with the Hang Seng leading losses (-4.69%), followed by the Nasdaq (-2.64%) and Nikkei (-2.36%). U.S. technology stocks faced renewed selling pressure as concerns over rising AI-related spending intensified following major corporate earnings reports. In commodities, Brent crude surged 6.84% to $113.17/barrel, supported by renewed Middle East supply concerns following Houthi attacks on Saudi targets. Meanwhile, gold and platinum declined 2.53% and 2.68%, respectively.
Locally, Namibia’s debt-to-GDP ratio is expected to rise to 68.7% amid increasing interest costs, while the government proposed raising the national budget by approximately N$700 million to N$88.6 billion, against a weaker revenue outlook. The NSX Overall Index declined 3.79% over the week, while the NSX Local Index fell 0.51%.