News

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

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...

Roundtables

Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.