Asia-Pacific Stock Markets Topped Global Charts In The First Half Of 2021

  • Posted on July 01, 2021
  • News
  • By FC Team

SINGAPORE — Asia-Pacific’s top-performing markets led global equity markets in the first half of 2021.Vietnam’s VN Index surged 27.6% in the first half of this year ending June 30 — way ahead of the second-placed Taiex in Taiwan which jumped 20.5%, based on CNBC’ calculations.In comparison, the S&P 500 gained 14.4% in the first six months of 2021, while the pan-European Stoxx 600 rose about 13.5%.Asia’s economic outlookLooking ahead, Asia is expected to “broadly remain on a healthy recovery path,” JPMorgan Private Bank’s Alex Wolf said in a note on Tuesday.“For investors, the bottom line is to expect continued divergence,” said Wolf, who is head of investment strategy for Asia at the firm. “Vaccinations, growth drivers, and policy are diverging widely across the region, and investors need to invest selectively and actively.”The strategist highlighted three factors that investors should monitor over the course of the rest of 2021: China’s recovery, vaccination progress, and exports — in particular, semiconductors.“We still favor Northeast Asia (China, Korea, and Taiwan) given their exposure to structural forces such as digitalization and semiconductor demand, but as vaccinations pick up the recovery will eventually spread to South and Southeast Asia supporting both their currencies and equity markets,” he

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