Amundi Asia Pacific Market Monthly Commentary - Jul 2019

Thursday 15 August 2019

Marketing Commentaries

After a strong performance from equity markets in June, the Asia ex Japan region experienced a pull-back with the MSCI AC Asia ex Japan index registering a negative performance of -2.17% (in USD terms, dividend excluded). Although the macro backdrop remained supportive overall with Asian central banks easing policy (Korea and Indonesia cut rates) downward revisions to earnings growth resulted in broad-based equity market sell-offs.