S&P Dow Jones Indices published its July scorecard for the performance of global equity markets, with 23 of the 48 gaining in the month.
From a global perspective, markets posted a 0.37% increase, though with the US excluded markets were actually down by 0.81%.
Emerging markets remain in the doldrums as they declined by 7.45% over the month. China, perhaps still smarting from the 30% decline in the Shanghai Composite Index over three weeks starting in mid-June, was among the worse performer; declining by 12.02% in July. However, on a year-to-date basis it is only down by 0.06%.
Elsewhere in Asia, markets didn’t fare much better. Hong Kong and Singapore were both down, by 3.75% and 5.01% respectively.
In European emerging markets Hungary was top of the class, gaining a decent 4.8% for the month. This means that on a year-to-date basis it is up by 27.1%, making it the best performer out of any market, developed or otherwise.
Within developed markets, Canada performed badly, falling by 4.92% and on a year-to-date basis was the worse performer globally, down 12.12%. That said, developed markets as a group were up by 1.23%, with 18 of the 25 markets gaining over the month.
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