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Amundi Asia Pacific Market Monthly Commentary - August 2019
Monday 23 September 2019
Market Commentary
Amundi Asia Pacific Market Monthly Commentary - August 2019
Against the backdrop of persistent uncertainty, Emerging Market equities underperformed Developed Markets with the Asia ex Japan region experiencing a further pullback in August. MSCI AC Asia ex Japan Index registered a loss of -4.62% (in USD terms, dividend excluded) with the worst performance from Hong Kong, Singapore and Korea. The pro-democracy movement in Hong Kong worsened in August causing stress in Retail, Food and Tourism sectors in addition to the headwinds from trade wars, which continued to impact the equity market of Mainland China adversely.
