You are here: Home - Saving & Banking - News -

Asian stocks follow direction of flailing markets

0
Written by:
19/02/2008

Asian funds have joined their developed market counterparts in the struggle to cope with a slowing US economy, investment research provider Morningstar has found. 

Although emerging markets appeared to be coping well during the second half of 2007, funds in the Morningstar Asia Pacific (ex Japan), India and China equity categories have begun to underperform in 2008.

According to Morningstar, the way in which Asian stocks have started to mirror the US, European and UK markets, suggests that US volatility has reached the Asian shores, refuting the de-coupling theory – which proposes that countries such as India and China would largely remain unaffected even if the US went into recession, as intra-regional trade and strong internal demand levels will keep them afloat.

In January, China was the worst performing equities market in the world, down 21%, while India lost 14.5% of its value in a month. This contrasts with the figures for the third and fourth quarters of 2007, when Indian and Chinese markets led their US counterparts by a significant margin.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Brits cut down on credit-card spending

The average credit card balance in January 2008 of £2,168 was 25% lower than the previous year, according to financial...

Close