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.
Sorry where is New Zealand !
Hey we are down 40% !!
Posted by: icm63 | September 05, 2008 at 03:33 PM
So much for the BRICs.
Down an average 40%+ from their highs.
Soon to be renamed The Bricks.
Posted by: j'adoube | September 06, 2008 at 01:54 PM
Looking good north of 49th yard line
Posted by: dj | September 08, 2008 at 08:58 AM