It may be a good end to the day, but it's been a torrid month for Asian stocks
The Nikkei just closed 0.61% higher on the day, and the Hang Seng is up by 0.41% while China's two major bourses - Shanghai Composite and CSI 300 - are up by more than 1%. But don't let that distract you from the fact that all of them are in the red in March trading.
Here's what the month-to-date performance looks like:
- Nikkei -4.12%
- Hang Seng -2.28%
- Shanghai Composite -3.25%
- CSI 300 -3.30%
Not exactly the kind of stuff that says that things are fine in the land of equities, don't you think so?
Of all the four listed above, only the Hang Seng is in the black based on the performance since the start of the year. Investors are not quite at the panic button just yet, but if we pull off another dismal month in April - it's only a matter of time until risk sentiment starts rearing its ugly head again, as it did in early February.
