Asia Markets Underperform in 1Q, but China Advances
Political unrest and the disaster in Japan bog down sentiment.
Asian equities underperformed U.S. stocks as political unrest in the Middle East and North African nations followed by a disastrous earthquake and tsunami in Japan bogged down sentiment.
Year-to-date through March 30, Japan's Nikkei fell 5.1%, while India's Sensex declined 5.9%. Hong Kong's Hang Seng rose 1.8%, while Australia's ASX slipped 1%. Mainland China's Shanghai Composite, however, bucked the largely negative trend to surge 5.3%.
Nazim Khan does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.