9-month Performance of World Equity Indices

We have passed three quarters of 2018. Which countries did well and which countries had gone negative with regard to their stock indices? I did a comparison between end of 2017 and end of September 2018. Information was taken from The Business Times.

At the top was USA. US S&P 500 was up 8.4%. Japan did well too (+6.0%). Brazil, India, Taiwan, Vietnam and Australia were all positive.

At the other end, Philippines PCCOMP was down 15.0%. China’s Shanghai Composite was down 14.7%. These two countries did very badly. Hong Kong, Indonesia, South Korea, Singapore, Eurozone, UK and Malaysia were all negative.

World Equity Indices 29-Dec-17 28-Sep-18 Change (%)
US S&P 500  2,687.54  2,914.00 8.4%
US Dow Jones  24,719.22  26,439.93 7.0%
Japan Nikkei 225  22,764.94  24,120.04 6.0%
Brazil IBOVESPA  76,402.08  80,000.09 4.7%
India NIFTY  10,519.00  10,886.90 3.5%
Taiwan TAIEX  10,642.86  11,006.34 3.4%
Vietnam VNINDEX  984.24  1,017.13 3.3%
Australia S&P/ASX 200  6,065.13  6,207.56 2.3%
Thailand SET  1,750.60  1,754.05 0.2%
Japan TOPIX  1,817.56  1,817.25 0.0%
Malaysia KLCI  1,796.81  1,793.15 -0.2%
UK FTSE 100  7,630.87  7,538.65 -1.2%
Eurozone Stoxx 50  3,517.88  3,425.57 -2.6%
Singapore STI  3,402.92  3,257.05 -4.3%
South Korea KOSPI  2,467.49  2,343.07 -5.0%
Indonesia JCI  6,355.65  5,976.55 -6.0%
Hong Kong HSI  29,919.15  27,788.52 -7.1%
China SHCOMP  3,307.17  2,821.35 -14.7%
Philippines PCOMP  8,558.42  7,276.82 -15.0%

Source: The Business Times

Singapore’s STI was down 4.3%. Expectation of Singapore economic growth for this year would not be better than 2017 because of the trade war between the US and China.

The Philippines, China, Hong Kong, Indonesia, South Korea and Singapore are facing headwinds affecting their economies. Their equity indices suggest a lack of investor confidence in their stock markets.

We are facing uncertain times for global economies. Investing has been difficult. There are too many moving parts: trade war waged by US, Brexit outcome, oil prices going up, ultra low interest rates environment disappearing, Fed raising interest rates, Middle East tensions, US mid-term election for Congress. All these are making me nervous.

Data between end of 2017 and end September 2018:
Brent Crude Oil had moved up from US$66.36 to US$81.94 (+23.4%)
Gold had moved down from US$1,296.98 per oz to US$1,183.78 (-8.7%)
Singapore local currency 10-year bond yield moved up from 1.990% to 2.491% (+0.501 percentage point)

Copyright © 2018, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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