In the second quarter of 2017, Asian equity markets (except Japan) traded high with the MSCI Asia ex Japan Index recorded more than 8% gain in USD term. The upward trend of the market was supported by fund inflows into the region, notably for Taiwan and Korea. In Korea, continued buying by foreign investors powered shares to strong gains. KOSPI index was up for seven consecutive months in June and was the longest rally since the index was established. Market sentiment was lifted by rising corporate earnings and improving corporate governance. In addition, investors are also expecting economic stimulus from new measures to be implemented by the new government.

The above “Market Review” information are provided by Sun Life Asset Management (HK) Limited.