After a spectacular 2017, stock indices suffered the jitter in the first quarter ended 30 March 2018. The change in stock indices ranged from negative 8% to positive 2.3%. See table.
|Stock Indices||Change in 2017||30-Mar-18||1st Qtr Change 2018|
|Nikkei 225 (Japan)||19.1%||21,159.08||-7.1%|
|Australia All Ordinaries||7.9%||5,868.90||-4.9%|
|Dow Jones (USA)||25.1%||23,848.42||-3.5%|
|CAC 40 (France)||9.3%||5,167.30||-2.7%|
|S&P 500 (USA)||19.4%||2,605.00||-2.6%|
|Hang Seng (HK)||36.0%||30,093.38||0.6%|
Only Hang Seng, STI, Taiwan Weighted and Nasdaq managed a positive momentum. The rest of the stock indices were negative. The Straits Times Index (STI) moved up marginally by 0.7% for the quarter.
Shanghai Composite was down 4.4% in the first quarter nearly wiping out the 6.6% made in 2017. Dow Jones was down 3.5% on account that President Trump pushed USA’s interest in the trade imbalance with China. The rest of the world did not escape the threat of trade war between USA and China. Their stock markets suffered too.
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