Amundi Asia Pacific Market Monthly Commentary - April 2020

Monday 18 May 2020

Market Commentary

Global equity markets rebounded strongly in April after the sharp sell-off in March. The main catalyst was the containment of the spread of the coronavirus (COVID-19) in some major economies, paving the way for a relaxation in lockdown measures and a re-start in manufacturing activity. Monetary and fiscal policy action from central banks and governments continue to support economies through the crisis and provide market liquidity, prompting a recovery in investor sentiment. MSCI World Index ignored the huge swings in oil prices and gained +11.77% (in USD terms, net dividends excluded) in April. Meanwhile, MSCI Asia ex Japan Index fell behind, gaining +7.90% (in USD terms, net dividends excluded).


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