Asian markets among biggest losers in volatile June

Graph downNew Zealand closely followed by Indonesia were the worst performing stock markets in the world in June, a month when Asian markets led declines across the globe.

Emerging markets as a group fell more than 3%, according to broad market indices from S&P Dow Jones. Indonesia, with a fall of 7.42%, fell furthest, while China, with a fall of 6.15%, was the third-worst performer after Chile.

Hong Kong also did badly. Its broad market index fell 5.34%, outpacing the fall in Australia's stock market by 11 basis points.

The African continent was one of the bright spots. The S&P All Africa index fell 1.2%, a more modest decline than the average for emerging or developed markets in the month.

The losses were attributed to uncertainty over Greece's membership of the eurozone and volatility in China's capital markets.

©2015 funds global asia

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