Amundi Asia Pacific Market Monthly Commentary - August 2021
Monday 19 July 2021
Global markets performed well in June as vaccination programmes went well in the US and UK, even though the number of COVID-19 cases in UK rebounded from around 2000 cases/day in May to close to 15000 cases/day in June. The number of cases is also rebounding in South East Asia. Concerns were raised over the so-called ‘delta’ variant worldwide as vaccines may be less effective toward this variant. Against this backdrop, MSCI Asia ex Japan Index was down 0.41% in June (in USD terms, net dividends excluded), underperforming the MSCI World Index which gained 1.40% during the month (in USD terms, net dividends excluded).