Major stock indices of US and Europe declined sharply yesterday. Nasdaq lost 4.29% in a single day, followed by S&P 500 losing 3.20%.
|Stock Indices||9 May Change (%)|
|S&P 500 (USA)||(3.20)|
|CAC 40 (France)||(2.75)|
|UK FTSE 100||(2.32)|
|Dow Jones (USA)||(1.99)|
|Australia All Ordinaries||(1.47)|
|Nikkei 225 (Japan)||(1.25)|
|Hang Seng (HK)||Mkt Closed|
The year-to-date changes as at 9 May are shown in the table below.
|Stock Indices||31-Dec-21||9-May-22||Change (%)|
|S&P 500 (USA)||4,766.18||3,991.24||-16.3%|
|CAC 40 (France)||7,153.03||6,086.02||-14.9%|
|Hang Seng (HK)||23,397.67||20,001.96||-14.5%|
|Dow Jones (USA)||36,338.30||32,245.70||-11.3%|
|Nikkei 225 (Japan)||28,791.71||25,990.20||-9.7%|
|Australia All Ordinaries||7,779.20||7,357.90||-5.4%|
|UK FTSE 100||7,384.54||7,216.58||-2.3%|
Nasdaq lost 25.7% so far from the start of the year. Shanghai Composite lost 17.5%. The war in Ukraine and pandemic lockdown in Shanghai and major restrictions in Beijing fueled the fear of inflation and recession of global economies.
STI was resilient, up 4.8% while the other indices were deep in the red.
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