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PMS Monthly Communication - May 2026
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PMS Monthly Communication - May 2026

PMS Monthly Communication - May 2026

Global equities in April 2026 month exhibited positive performance with US S&P 500 up by 10.5%. The S&P 500 and Nasdaq hit all-time highs and the MSCI Emerging Markets Index was the standout index (+14.7%), powered by extraordinary gains in Taiwan (+26.2%) and South Korea (+38.2%), leading markets in the global AI supply chain. Tensions between the US and Iran continued to dominate headlines, with the Strait of Hormuz remaining severely disrupted and Brent crude pushing above $110 per barrel by month-end, despite intermittent ceasefire efforts and diplomatic discussions.