Global equities performance was largely positive driven by major markets such as the US, Japan, and India. UK’s FTSE 100 performance was lackluster.
Chinese equities performed well in 1Q CY2023, only to decline in 2Q CY2023, due to a lower-than-expected boost from the economy re-opening. Conversely, Indian equities were under pressure in 1Q and later posted handsome gains owing to improving macroeconomic data.