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Below we highlight the percentage changes that global equity markets have seen from their lows yesterday. As shown, Russia is currently up 20.2% today. Yes, the country's bear market has reversed and turned into a new bull in one trading day! Hong Kong is up the second most at 18.7%, followed by China, Singapore and the UK. Japan and Australia have seen the most muted gains at 5% to 6%.
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Well, the Russian market rebounded for a reason - the gov't gave it a $70bn cash infusion.
Posted by: mxpl | September 21, 2008 at 11:27 AM
Care to include India???
Posted by: hp | September 22, 2008 at 10:36 PM