The MSCI AC Asia ex-Japan fell -3.7 % in June in USD terms, lagging the MSCI AC World by 1.4%. Asia ex-Japan markets continued to give up year-to-date gains in June as the old adage of sell in May and go away continued to hold true. Asia ex-Japan markets gave up 3.7% in USD terms over June. The benchmark index was dragged down by the MSCI Indonesia, the MSCI China and the MSCI Malaysia, with these indices posting - 7.2%, -5.6% and -5.2% respectively.