Amundi Asia Pacific Market Monthly Commentary - December 2020
Thursday 17 September 2020
Positive news of decreasing rate of infections, plus a possible discovery of vaccine and easing of restrictions as the Asian economies reopened lifted hopes and fuelled optimism amongst investors. In addition, better than expected earnings, coupled with a dovish outlook by central banks lifted consumer sentiment and pushed equity markets higher. The MSCI Asia ex Japan Index continued its positive momentum, gaining 3.40% in August, marking 3 consecutive months of gains. The MSCI World Index outperformed, up 6.53% (in USD terms, net dividends excluded).