Asian ex-Japan stocks segment suffered from a negative daily performance on Thursday (-2.22%). €1.4Bn have been drawn out from the segment since March 27th. Trade negotiations with the US are clearly affecting Asian markets and more specifically Chinese markets. In order to show strength in its trade negotiations, China has already allocated its stimulus budget in the first quarter of 2019. China’s attempts to use monetary and fiscal policies to stimulate its economy result in a Q1 Fiscal budget deficit of -1000Bn RMB. Furthermore, Asia’s global exports are not showing any signs of rebound. 14 funds replicating 8 indices are included in the segment for a total of €8.3Bn of assets under management.