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Amundi Asia Pacific Market Monthly Commentary - November 2019
Wednesday 18 December 2019
Market Commentary
Amundi Asia Pacific Market Monthly Commentary - November 2019
Risk assets rallied in November amidst rebounding investor sentiment given some stabilisation in macro data and the “phased” roll-back of tariffs between the US and China. Equity markets benefited from this constructive macro backdrop although performance across global markets diverged significantly. MSCI Asia ex-Japan Index posted a small gain of 0.19% (in USD terms, dividend excluded). However, Asian markets were weaker in comparison to the broad MSCI World Index, up 2.63% (in USD terms, dividend excluded), which was helped by strong gains from the US.
