Amundi Asia Pacific Market Monthly Commentary - July 2021

Tuesday 17 August 2021

Market Commentary

Global markets performed well in July even the Delta variant has proved to be a greater threat despite high vaccination rates in Europe and the US. UK has relaxed its lockdown restrictions on 19 July and the number of cases has peaked. The numbers of COVID-19 cases in South-East Asia are also trending up. Raise concerns on delta variants worldwide as vaccines may be less effective toward this variant. Against this backdrop, MSCI Asia ex Japan Index was down 7.77% in July (in USD terms, net dividends excluded), underperforming the MSCI World Index which gained 1.72% during the month (in USD terms, net dividends excluded).


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