Good Evening friends, Finance is my field of interest and stock market is something I love to invest money. i read following news on web which is a bitter fact as on today. Investors from all over world had lost $10 trillion so far this year. The world stock market remains on down side majority time of the year. Read following news from Indian Express website.
In a tight bear hug since the beginning of this year, stock market investors across the world have lost more than 10 trillion dollars — an amount more than 10 times of the entire investor wealth in India.
All 52 equity markets of the world have suffered a loss of USD 10.5 trillion so far this year, leading rating agency and financial data provider Standard and Poor’s said on Friday.
The worldwide loss this year is 11.7 times of the total market valuation of all the listed companies in India, which currently stands at around 900 billion dollar. Indian stock market valuation has nearly halved so far this year.
Year-to-date, all 26 developed markets have lost ground while nearly all the 26 emerging markets have suffered loss. Jordan, was the only country that managed to return positive YTD returns (up 0.96 per cent).
“September was the worst month for emerging markets since August 1998,” Silverblatt said, as all the 52 markets were down during the month, resulting in a loss of USD 4.1 trillion loss in equity. In the third quarter all the 52 markets posted a loss of USD 5.8 trillion which amounted to a year-to-date loss of USD 10.5 trillion.
The fall was more severe in emerging markets, as they fell by 27.98 per cent, while developed markets lost 21.62 per cent during the third quarter of this year, according to Standard & Poors Senior Index Analyst Howard Silverblatt.
The US was down by 8.85 per cent, while Russia was off by 45.52 per cent. The Philippines was the only market that reported positive returns during the third quarter (0.04 per cent).
For September, emerging markets lost 18.76 per cent while developed markets fell 14.80 per cent. The US continued to perform better than other markets with a loss of 9.29 per cent during the month, Silverblatt said.
As per Standard & Poors Index Services, some of the stock markets that witnessed an erosion of over 50 per cent in their valuations so far this year include — Pakistan (52.18 per cent), India (50.34 per cent), Ireland (51.66 per cent) and Iceland (69.17 per cent).
Among the BRIC peers India suffered the maximum loss, while for Brazil it was the minimum. Brazil reported a loss of 31.09 per cent, Russia (46.85 per cent) and China (46.35 per cent).
Other major losers include — The United States (19.47 per cent), Japan (23.24 per cent), The United Kingdom (32.02 per cent), Germany (33.75 per cent) and France (30.32 per cent)….
news from indianexpress