It's Not That Bad: December in Asia Stocks Less Ugly Than U.S.

The regional benchmark index rose a mere 0.2 percent as of 2:42 p.m. in Hong Kong, with markets mixed across the region. After the tumultuous Tuesday where major indexes sank, investors stayed on the sidelines while awaiting the conclusion of the Federal Reserve’s rate decision. Here’s a look at how Asian stocks have done so far this month:The MSCI Asia Pacific Index declined 3.7 percent as of Tuesday, much less than the 7.8 percent plunge in the U.S.While Asia wiped out $563 billion of value this month, that’s only 16 percent of the market cap lost globally.

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