TABLE-Asia stock mkts' Q2 performance-China, Vietnam lead losers
(Updates prices)
SINGAPORE, July 1 (Reuters) - Chinese and Vietnamese stocks extended their dismal performance in the second quarter, hit by soaring inflation, while Japanese shares jumped on expectations rising prices will offer some respite from years of deflation.
MSCI's index of Asian stocks .MIAS00000PUS fell 2.5 percent in Q2, taking losses for the year to date to about 14 percent, its worst first-half performance since 1992 when Japan was in a recession.
For a graphic on Asian markets' H1 performance, click on: here
For the first-half, the S&P 500 index .SPX lost 13 percent and the pan-European FTSEurofirst 300 index 20 percent.
Analysts expect rising costs to affect Asian companies and be a key driver for performance for the rest of the year, with further tightening of monetary policy also likely. Vietnam .VNI plunged 57 percent and China .SSEC 48 percent in the first half and analysts don't rule out further downside for these markets --the world's worst performing this year. MARKET Q2'08 H1'08 H1 '07 VIETNAM (Ho Chi Minh) .VNI -22.7 -56.9 +36.2 CHINA (Shanghai Composite) .SSEC -21.2 -48.0 +42.8 PAKISTAN (Karachi 100) .KSE -18.8 -12.7 +37.2 PHILIPPINES (PHS Composite) .PSI -17.6 -32.1 +22.7 INDIA (Sensex) .BSESN -14.0 -33.6 +6.3 TAIWAN (TAIEX) .TWII -12.2 -11.6 +13.7 NEW ZEALAND (NZX-50) .NZ50 -7.9 -21.0 +4.4 THAILAND (SET) .SETI -5.9 -10.4 +14.3 MALAYSIA (KLSE Composite) -4.9 -17.9 +23.5 INDONESIA (JSX) .JKSE -4.0 -14.4 +18.5 SRI LANKA (Colombo All-Share).CSE -3.6 -3.3 -6.3 HONG KONG (Hang Seng) .HSI -3.3 -20.5 +9.1 AUSTRALIA (S&P/ASX 200) -2.6 -17.7 +10.7 SINGAPORE (FT Straits Times) .FTSTI -1.8 -15.2 +19.7 SOUTH KOREA (KOSPI) .KS11 -1.7 -11.7 +21.6 TOKYO (Nikkei average) .N225 +7.6 -11.9 +5.3 (Compiled by Yvonne Cheong; Editing by Anshuman Daga)
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