Japan was the only market to perform positively on the S&P Global Broad Market Index in June, gaining 1.42 per cent in the month.
Japan was able to outperform 45 other markets, as well as the wider developed markets sector which saw a loss of 2.66 per cent over June.
Last week investor sentiment took a hit from Federal Reserve chairman Ben Bernanke’s suggestion that the US could start to ease its quantitative easing programme. Additionally fears of a liquidity crunch in China caused further concern among investors.
S&P Dow Jones Indices senior index analyst Howard Silverblatt says: “In Japan, prospects for growth via new stimulus created rapid gains in the market (and a declining yen), which eventually came into conflict with reality caused by too much expectation too fast.
“However, after some pullback, Japan managed to side with growth (and a weaker yen), posting the best result of any market for June – and the only one positive one for that matter.”
The US posted a loss of 1.44 per cent in June compared to its year-to-date gain of 12.99 per cent. In total, the S&P Global Broad Market Index fell 3.10 per cent in June.
Within this index, all emerging markets posted losses and en masse posted a drop of 6.81 per cent.
The emerging markets with the worst performance in June were Brazil, Turkey and Egypt with losse of 12.64 per cent, 13.26 per cent and 14.10 per cent respectively.