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T. Rowe Price New Asia Fund

PRASX · NASDAQ

Market closed$24.69$-0.520000 (-2.06%)

Key statistics

Previous close$25.21
Open$24.69
Day high$24.69
Day low$24.69
52-week high$27.90
52-week low$18.46
Market cap2.70B
Volume—
Average volume—
P/E ratio22.39
Forward P/E—
EPS1.10
Dividend yield0.00%

Market context

Why it moved

PRASX declined today likely due to broad market selling pressure and reduced investor sentiment, as no specific positive catalysts were identified to support the fund's price.

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What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026T. Rowe Price New Asia Fund closed lower as China's disappointing Q2 GDP data weighed on Asian equity sentiment, compounding pressure from ongoing US-Iran geopolitical tensions and elevated energy prices. Despite broader financial sector strength driven by blowout Wall Street bank earnings, the fund's Asia-focused mandate faced headwinds as investors rotated away from emerging market and regional equity exposure amid persistent inflation concerns and macro uncertainty heading into H2 2026.

-1.4925

July 14, 2026T. Rowe Price New Asia Fund is trading sharply lower in pre-market, declining roughly 3.6% from its previous close as a confluence of macro headwinds weighs on Asia-focused equity funds. Renewed U.S.-Iran tensions—including President Trump's reinstatement of an Iranian shipping blockade—have lifted oil prices and pressured risk appetite globally, while U.S. markets are navigating a mixed tone ahead of a heavy bank earnings week. Broader financial sector sentiment (XLF trading near flat in pre-market) has not provided support, and the fund's Asia-heavy portfolio faces additional pressure from a strengthening U.S. dollar and rising geopolitical uncertainty dampening emerging market flows.

-3.5591

June 22, 2026T. Rowe Price New Asia Fund surged roughly 4.5%, hitting a new 52-week high, as a powerful tailwind swept through emerging market assets. For the first time since April 2022, companies in the MSCI EM Index are beating profit estimates, with Asian tech firms leading earnings surprises and broader EM stocks up nearly 30% year-to-date — signaling to bulls that the rally rests on solid fundamentals. Adding fuel, easing geopolitical tensions as US-Iran peace talks advanced pushed oil prices sharply lower, reducing inflation risks and lifting global risk appetite broadly.

4.5335

PR Newswire · June 8, 2026T. ROWE PRICE MARKS 50 YEARS OF MONEY MARKET AND TAX-FREE MUTUAL FUNDSHubbis · April 30, 2026T. Rowe Price Appoints Head of China Business to Strengthen Client CoverageWealth Briefing Asia · October 21, 2025What's New In Investments, Funds? – T Rowe Price Launches Strategy In JapanETFGI · June 26, 2025T. ROWE PRICE ADDS TWO NEW INTERNATIONAL EQUITY ETFs TO ITS TRANSPARENT ACTIVE ETF OFFERINGS

Peers

S&P 500SPX · $7,457.69-1.01%Columbia Acorn International InstACINX · $23.46-1.01%Brandes International Equity FundBIECX · $28.63-0.31%AMG River Road Mid Cap Value FundCHTTX · $20.53-0.82%Harbor Small Cap Value AdminHSVRX · $54.84-0.71%Northern Mid Cap Index FundNOMIX · $23.93-0.54%T. Rowe Price Spectrum Conservative Allocation FundPRSIX · $21.32-0.33%T. Rowe Price Spectrum Moderate Allc InvTRPBX · $26.53-0.52%