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From Komfie Manalo, Opalesque Asia:
Singapore-based consulting firm GFIA has just released the latest edition of its “Research Insights” newsletter which showed mixed results in August based on preliminary data.
The MSCI AC World and the MSCI Emerging Markets index were both up month-to-date, with returns of +3.6% and +0.9% respectively. However, there is great diversity in terms of month-to-date returns among the underlying countries. The MSCI AC Asia Pacific index returned +1.5%, MSCI Taiwan and MSCI China posted -5.1% and -3.4% respectively.
At the other end of the spectrum, MSCI Australia and MSCI Japan returned +4.8% and +3.3% respectively. Compared with Asia, the Latin American, as well as the emerging Europe, Middle East and Africa region, did better, as the MSCI EM Latin America index was up 4.5% and the MSCI EFM EMEA index was up 4.3%.
July in weak start but strong finish
GFIA said the month of July, which many believed signaled the end of the prolonged market rally, went off on a sluggish start. But the Asia Pacific markets went on to stage a sharp v-shaped rally from the middle of the month and ended July at a record-breaking level. The MSCI Asia Pacific and MSCI Asia ex-Japan indices surged 8.7% and 12.0% respectively, further stretching the momentum of the liquidity driven rally.
The rally resulted in many investors flocking back into the ASEAN markets of Singapore, Malaysia, In...................... To view our full article Click here
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