Amundi Asia Pacific Market Monthly Commentary - May 2021
Friday 15 January 2021
Global risk-on sentiment continued in a holiday-shortened month. Even as major countries around the world started their vaccine rollout, new variants of the virus emerged and social distancing measures across major economies were stepped up. A US fiscal stimulus deal and a last-minute Brexit agreement kept markets on their toes. Markets continue to keep an eye on US-China tensions, investment restrictions and delistings in the final stretch of Trump's presidency. MSCI Asia ex Japan Index gained 6.62% in December (in USD terms, net dividends excluded), outperforming the MSCI World Index which saw a gain of 4.14% during the month (in USD terms, net dividends excluded).