World Markets Update: June 9, 2020
Summary
- All eight indexes on our world watch list posted losses through June 9, 2020. The top performer is our own S&P 500 with a loss of 0.73%.
- Tokyo's Nikkei 225 is in second with a loss of 2.39% and in third is China's Shanghai with a loss of 3.08%.
- Coming in last is India's BSE SENSEX with a loss of 17.69%.
By Jill Mislinski
All eight indexes on our world watch list posted losses through June 9, 2020. The top performer is our own S&P 500 with a loss of 0.73%. Tokyo's Nikkei 225 is in second with a loss of 2.39% and in third is China's Shanghai with a loss of 3.08%. Coming in last is India's BSE SENSEX with a loss of 17.69%.
Here are all eight world indexes in 2020 and the associated table sorted by YTD.
A Longer Perspective
The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: The S&P 500, CAC 40 and BSE SENSEX hit their lows on March 9th, the Nikkei 225 on March 10th, the DAXK on March 6th, the FTSE on March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng even earlier on October 27, 2008. However, by aligning on the same day and using a log scale vertical axis, we get an excellent visualization of the relative performance. We've indexed each of the eight to 800 on the March 9th start date. The callout in the upper left corner shows the percent change from the start date to the latest weekly close.
Here is the same visualization, this time starting on October 9, 2007, the closing high for the S&P 500, a date that is approximately the mid-point of the range of market peaks, which started on June 1st for the CAC 40 and ended on January 8, 2008 for the SENSEX.
For a longer look at the relative performance, our final chart starts at the turn of the century, again indexing each at 800 for the start date.
Check back next week for a new update.
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
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