Welcome to the new tw.morningstar.com! 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  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