2018: US Stocks Climb as China Falls

Resilience in the U.S., Japan, and Russia was offset by significant price falls in Brazil, China, and Turkey

Dan Kemp 18 July, 2018 | 8:38AM

global returns stock market equities emerging markets developed markets profit loss

Stock markets showed resilience in the second quarter, however an undercurrent of risk-averse sentiment flowed around the world. Trade-war rhetoric was a key focus of weakening sentiment, with emerging markets under significant pressure as investors pulled money out of the region.

This affected emerging stock markets and their currencies, but the fundamental thesis and economic progress were largely unchanged. The divergence in equity market performance was evident in mid-year returns, with Asian and Latin American markets particularly feeling the brunt of the change in investor sentiment.

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About Author

Dan Kemp

Dan Kemp  is Chief Investment Officer, Morningstar Investment Management EMEA

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