Welcome to the new morningstar.hk! Learn more about the changes and how our new features help your investing success.

Asia ETF Roundup (Market) – July 2019

U.S. cuts rates – first time since 2008; China Q2 GDP growth at 6.2%.

Jackie Choy, CFA 08 August, 2019 | 8:00
Facebook Twitter LinkedIn

For the latest ETF industry news, please refer to our “Asia ETF Roundup (Industry) – July 2019”.

Major Markets Performance

As expected, the U.S. Federal Reserve cut rates by 25bps, marking the first rate cut since 2008. The S&P 500 marked a new record high during the month, closing the month up 1.3%. In the U.K., Boris Johnson became the country’s new Prime Minister. The FTSE 100 Index edged up 2.2% for the month. U.S.-China trade talks resumed in Shanghai towards the end of the month. Instead of a breakthrough there was a setback as the U.S. announced a fresh round of tariffs on Chinese goods in early August. Chinese equity markets generally edged down during the month (HSCEI -1.9%; Shanghai Composite -1.6%; CSI 300 +0.3%). The South Korean equity market was one of the weakest performing markets in Asia, falling 5.0%, in response to North Korea launching a number of missile tests during the month. Emerging markets’ performance was mixed. Vietnamese equities rose 4.0% while Indian stocks fell 5.5% (as measured by their respective MSCI indices in U.S. dollar terms).

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Member.

Register For Free
Facebook Twitter LinkedIn

About Author

Jackie Choy, CFA  is the Director of ETF Research for Morningstar Investment Management Asia

Audience Confirmation


By clicking "accept" I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See "Cookie Consent" for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All Rights Reserved.      Terms of Useund      Privacy Policy.    Cookie Consent
© Copyright 2021 Morningstar Asia Ltd. All rights reserved.

Terms of Use        Privacy Policy        Cookies