Sharechat Logo

World equity markets hit hard in first quarter

Monday 14th April 2008

Text too small?
The world's emerging and developed equity markets were hit hard during the first quarter of 2008, losing 10.56% and 8.95% respectively during the first three months of the year.

These figures were released today as part of Standard & Poor's monthly global stock market review, The World by Numbers.

Market volatility was fuelled by "near record commodity prices, 10-year US treasury rates approaching their lowest level, a struggling dollar, and the potential global impact of a perceived US recession," according to Howard Silverblatt, senior index analyst at S&P.

For the first three months of 2008, all but one developed equity market showed a positive return. Of the 26 developed markets, only Luxembourg gained ground, posting a 2.09% growth. The hardest hit were Iceland, which lost 32.36%, Hong Kong, losing 18.07% and Greece, which lost 14.90%.

In emerging world equity markets, 15 of the 26 countries lost ground during the quarter. The best performing markets were Morocco, up 23.81%, Pakistan, up 10.25% and Chile, showing 8.50% growth. The worst performing were Turkey, losing 36.62%, India, showing a 28.55% loss and China, with a 24.65% decrease in growth.

For the month of March, world equity markets lost 1.09% and emerging equity markets fell 5.11%.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form
July 10th Morning Report