Though yearly gains lag, Asian shares outperformed global peers in December

Though yearly gains lag, Asian shares outperformed global peers in December

Asian share market

Asiansharesgained for the fourth successive month inDecemberas appetite for regionalsharesimproved after the USand China agreed on a preliminary deal to end their 17-month long trade war.

The MSCI's broadest index of Asia-Pacificsharesgained 4.2 per centinDecember, compared with the month'sgainsof about 3.4 per centfor the MSCI'sglobalshare index.

The United States and China agreed on a deal on December 13 that reduces some UStariffs in exchange for what USofficials said would be a big jump in Chinese purchases of American farm products and other goods. The deal is expected to be signed on January 15.

Add WION as a Preferred Source

Asia-Pacificshareshowever,lagged behindglobalsharesin the year and in the last decade.

MSCI's Asia-Pacific Index gained about 16 per centin 2019 compared with 24 per centfor the World index.

New Zealandshareslead both 2019 and last decade'sgainsin the region. In USdollar terms, localsharesgained 30.8 per centin 2019 and 231 per centin the last decade.