Quarterly Market Outlook

Q1

Global Equity Market Review And Outlook

 

Global equities performance, as measured by the MSCI All Country World Index, increased by 4.7% during the month of December 2023. United States (“US”) equities reported a gain of 4.6%, Europe was 4.9%, and Japan was 4.3% (in US dollar (“USD”) terms) during the same period. Asia Pacific ex-Japan (“APAC”) recorded a gain of 4.4% (in USD terms), with Korea (6.2%), Taiwan (5.3%), Hong Kong (5.2%), and China (-2.6%) in USD terms in December 2023. Within the Association of Southeast Asian Nations (“ASEAN”) countries, Singapore (7.1%) was the best performer, followed by Thailand (5.9%) during the same period (in USD terms).



Q2

Global Equity Market Review And Outlook

 

Global equity performance, as measured by the MSCI All Country World Index, increased by 2.9% during the month of March 2024. United States (“US”) equities reported a gain of 3.1%, Europe a gain of 3.3% and Japan gained 2.3% in US Dollar (“USD”) terms during the period. Asia Pacific ex-Japan (“APAC”) recorded a gain of 2.3% (in USD terms), with key highlights being Taiwan (+7.7%), Korea (+4.8%), Hong Kong (-7.0%), and China (+0.9%) in USD terms. Within Association of Southeast Asian Nations (“ASEAN”) countries, Singapore (+3.8%) was the best performer, while the Philippines (-1.2%) and Thailand (-1.2%) underperformed.



Q3

Global Equity Market Review And Outlook

 

Global equity performance, as measured by the MSCI All Country World Index, increased by 2.1% during the month of June 2024. United States (“US”) equities reported a gain of 3.5%, Europe a loss of 2.3% and Japan a loss of 0.8% in US Dollar (“USD”) terms during the period. Asia Pacific ex-Japan (“APAC”) recorded a gain of 3.58% (in USD terms), with key highlights being Taiwan (+11.5%), Korea (+8.5%), Hong Kong (-6.8%), and China (-2.6%) in USD terms. Within the Association of Southeast Asian Nations (“ASEAN”) countries, Indonesia (+2.3%) was the best performer, while the Malaysia (-0.4%) and Thailand (-2.0%) underperformed.



Q4

Global Equity Market Review And Outlook

 

Global equity performance, as measured by the MSCI All Country World Index, increased by 2.2% in September 2024. United States (“US”) equities reported a gain of 2.0%, Europe gained 0.3% and Japan lost -1.3% in US Dollar (“USD”) terms during the period. Asia Pacific ex-Japan (“APAC”) recorded a gain of 7.5% (in USD terms), with key contributors being China (+23.6%) and Hong Kong (+16.0%) and detractors being Korea (-3.2%), Indonesia (+1.1%), and Taiwan (+1.3%) in USD terms. Within the Association of Southeast Asian Nations (“ASEAN”) countries (+6.1%), Thailand (+11.3%) and Singapore (+8.2%) were the best performers.

Video podcasts to help you make informed investment decisions.