Global Equity Market Returns

After declining 4.25% on Wednesday, 3.94% yesterday, and 3.75% today, Russia's RTS index is now 41.19% below its 52-week high.  These declines put it second to last behind China when looking at recent equity market returns for 22 major countries.  As shown, China has fallen 64% from its 52-week high last October! 

The declines recently in global equity markets have really been astounding.  Japan, Spain, Brazil, India, Italy, South Korea, Singapore, Sweden, Taiwan, and Hong Kong all join China and Russia with equity markets off at least 30% from their 52-week highs.  North American countries rank 1,2,3 as far as countries holding up the best.  International exposure has never hurt so bad.

Comments

[Larry House:]

There is just no safe place to be in equities right now. All markets are reducing earnings estimates, repricing risk, deleveraging--it may take years for past highs to be touched again.

2008 Sep 09 12:12 PM