We are nearly at the halfway mark of 2011. How did the stock markets perform since the beginning of this year?
The table below shows the indices of Dow Jones Industrial Average (US), BSE Sensex (India), Straits Times Index (Singapore), Hand Seng Index (HK), Shanghai Composite (China), Nikkei 225 (Japan) and DAX (Germany).
|31 Dec 2010||27 Jun 2011||Change %|
|BSE Sensex (Bombay)||20,509||18,412||-10.2|
|Nikkei 225||10,228||9,578||– 6.3|
|Hang Seng||23,035||22,041||– 4.3|
|Shanghai Comp||2,808||2,758||– 1.7|
All stock indices declined except for Dow Jones Industrial Average (Dow) and DAX of Frankfurt during this period. The worst performing market was India with 10 per cent drop. Nikkei 225 declined 6.3 per cent on account of the triple disasters of earthquake, tsunami and nuclear meltdown in March. The Straits Times Index (STI) and Hang Seng Index declined 4.4 per cent to 4.3 per cent respectively. Shanghai Composite declined only 1.7 per cent, which was not that bad in comparison.
These indices that shone in 2010 were brought down to realistic level based on the economic environment prevailing this year.
Dow and DAX however pushed higher this year due to slowly improving economic environment in US and Europe since 2009/2010. Will this uptrend last?
Copyright © 2011, limkimtong for Living Investment
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