Mon, Nov 9, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asia-Pacific markets suffered worst month in May since October' 08 due to market sell-off

Monday, July 05, 2010

Precy Dumlao, Opalesque Asia:

The financial drawdown in May did not spare the Asia Pacific markets, which suffered the worst performance since October 2008, according to the latest Research Insights newsletter from Singapore-based consulting firm GFIA Pte Ltd.

During the month, the MSCI Asia Pacific lost -9.8% while the MSCI Asia Pacific ex-Japan plunged -11.1%. Smaller ASEAN markets such as Singapore and Indonesia, plunged -10.0% and -8.2%, respectively and experienced their fair share of the sell-off as well. GFIA said these poor performances were influenced by the European debt crisis and the tension in the Korean peninsula as well as Beijing’s announcement of tighter economic policies. All these factors led to investors to take a “sell first, ask later” stance.

However, GFIA noted a return of risk aversion and bargain-hunting towards the end of May which saw the markets bounce back.

Japan’s ballooning debt Japan ended its Fiscal Year 2009 on a positive result and economist projected promising revenue forecasts for FY2010. But the strengthening Japanese Yen increased pressure on currency sensitive industries, particularly export dependent companies. The Topix and Nikkei 225 fell -8.0% and -8.8% respectively during the moth. The Mothers Index declined -15.5%.

Adding to the woes of Japan was the resignation of Prime Minister Yukio Hatayoma on June 2. Toyomi Kusano, presiden......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

  2. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  3. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  4. Opalesque Exclusive: "Enough beta plays" - how Fasanara builds an alpha-only multi-strategy platform[more]

    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m