Gavekal Capital: Japan the Worst Performing Major Market Last Week

Monday, March 17, 2014

Japan the Worst Performing Major Market Last Week

Performance was negative across all but two of the twenty four countries comprising the MSCI World Index, but Japan stood out as being particularly weak as it finished down 4% on the week. Below we show the performance by country for all twenty four countries.

MSCI County Performance:
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So what was the driver of the poor performance? Media, pharmaceuticals, utilities and capital goods rounded out the bottom of the list.

MSCI Japan Performance by Industry Group:
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And the top losers by company:

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