India Holding Up the Best of the BRICs

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 |  Includes: BICK, BIK, BKF, BRIL, BRIS, EEB, EPI, IFN, PIN
by: Bespoke Investment Group

Below is a chart highlighting the performance of the BRIC (Brazil, Russia, India, China) countries since the 4/23 peak in equity markets. As shown, India (Sensex Index) has held up the best by quite a bit with a decline of just over 5%. Brazil's Bovespa Index is down the second least at -11.2%. China's Shanghai Composite is down 15.8%, while Russia's RTS is down the most at 16.4%. The US' S&P 500 is right in middle with a decline of 12.8%.

While the US and China have just moved to new correction lows, Russia, Brazil, and India are all above the lows they made in late May.

click to enlarge

Click to enlarge