Asian equity markets have recorded gains for a fifth consecutive day, extending their lead over US markets this year. This performance is influenced by factors such as comparatively lower valuations and stronger growth prospects, which have attracted buyers.
Treasuries maintained their losses following the release of stronger US jobs data.
Key Market Data
- The MSCI Asia Pacific Index rose by 0.6%, reaching a new record high.
- The index has increased approximately 13% year-to-date, representing its best start to the year relative to the S&P 500 this century.
- The S&P 500 has experienced a 1.4% increase, placing it 69th among the 92 indexes tracked by Bloomberg.
- South Korea's market is currently the world’s top performer, with a 30% surge.
Asian equity markets have recorded gains for a fifth consecutive day, extending their lead over US markets this year. This performance is influenced by factors such as comparatively lower valuations and stronger growth prospects, which have attracted buyers.