February 2024: equity markets continue their upward trend

February 2024: equity markets continue their upward trend

The investment year 2024 started well for the stock markets, and that certainly also held true for February. But there was less to celebrate for bond investors and investors in listed real estate.

After a hesitant start, equity markets bounced back in the course of January, and this upward trend continued in February. Even equity markets that had lagged behind in January, particularly those in Asia and emerging markets, rallied in February. The MSCI Asia Pacific index posted a monthly return of +3.9%. The Japanese stock market performed particularly well, so much so that after more than 34 years, the Nikkei index finally broke the previous record level of late 1989. Emerging markets also caught up, with the MSCI Emerging Markets index posting a return of +4.6% in February, more than offsetting the loss made in January (-2.8%). In the emerging markets, the Chinese stock market took the lead, increasing by about 10% in value.

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