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September 2016

By and large August was a good – but unexciting – month for the major world stock markets we cover in this commentary. There were no dramatic gains – Hong Kong was the star performer with a rise of 5% – and two or three markets did their best to do nothing at all, but there were no major falls. Despite bad news (again) about the slowdown in the Chinese economy, August was almost a month where the ‘steady as you go’ mantra applied everywhere.