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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

Source: India Holding Up the Best of the BRICs