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Market Commentary
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Amundi Asia Pacific Market Monthly Commentary - January 2020
Tuesday 18 February 2020
Market Commentary
Amundi Asia Pacific Market Monthly Commentary - January 2020
Global equity markets experienced a setback in January after posting an impressive return in 2019. The escalating tensions between the US and Iran as well as the coronavirus outbreak in China hurt investor sentiment and resulted in a sell-off across equity markets. MSCI World Index lost -0.68% (in USD terms, net dividends excluded) whilst the MSCI Asia ex Japan Index lost -4.47% (in USD terms, net dividends excluded) as the uncertainty around the coronavirus overshadowed the optimistic outlook on global trade activity.
