Amundi Asia Pacific Market Monthly Commentary - January 2021

Wednesday 17 February 2021

Market Commentary

2021 kicked off on a positive note, although risk sentiment reversed in the latter half of the month. Global equity markets fell in January as weakening PMIs and investor sentiment given the more contagious mutations of the virus slowed down the prospects for economic recovery particularly in Europe and the US. However, MSCI Asia ex Japan Index gained 3.98% in January (in USD terms, net dividends excluded), outperforming the MSCI World Index which saw a drop of -1.05% during the month (in USD terms, net dividends excluded).


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