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Dear Value Investors, As for July, the best performing regional indexes were Indonesia (+1.14%), Singapore (+1.17%) and India (+0.20%), while the laggards were Hang Seng China Ent Index (-13.41%), Hang Seng China Affiliate (-10.19%) and Hang Seng Index (-9.94%). Most currencies in the region weakened against the USD,

Dear Value Investors, For the month, the MSCI Far East ex-Japan Index declined 0.36%, lagging the MSCI World Index which was up 1.40%. The Dow Jones Industrial Average Index (DJIA) declined 0.08% while the S&P 500 index was up 2.22% and the Nasdaq Composite Index gained by 5.49%. The