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Global market round-up: Which exchanges were hardest hit by coronavirus?

A sharp fall in equity valuations amid the coronavirus pandemic has sent global markets into a downward spiral from which a number of stock markets haven’t yet recovered.

Even though most of these markets have recouped a portion of their lost value, they are still trading lower than their pre-virus levels, with the Spanish IBEX 35 leading the charge, booking a 24.5% loss so far this year.

In Europe, other market indexes like Italy’s FTSE MIB and Portugal’s PSI 20 are also down 18% and 16.2% respectively, as the continent continues to emerge from severe lockdowns imposed after virus cases spiked in mid-March.

Meanwhile, in South America, countries like Brazil and Chile are seeing the worst of the outbreak now, and their stock markets have responded accordingly, with the Brazilian Bovespa index losing nearly 20% so far this year, followed by the Chilean stock market, which is down 16.2% as of yesterday’s closing.

international stock market indexes

Argentina, on the other hand, still has a chance to close the first half of the year in positive territory, as the country’s Merval index ha s only shed 1.9% this year, even though the nation is still fighting to contain the virus while it negotiates a potential way out from its defaulted foreign debt.

A couple of Asian markets are also entering the second half of the year in the red zone, with India leading the way with a 15.3% loss, as virus cases continue their way up in the second-largest country in the world.

Meanwhile, Hong Kong’s Hang Seng index is down 13.4%, even though the virus is perhaps only one of the forces driving the markets down, as politics and social unrest over its status with China has shaken one of Asia’s brightest spots.

Finally, American markets have fought their way up since they touched bottom on late-March, but the Dow Jones is still down 10.8%, while the S&P 500 is shedding 5.4% as well, as cases have once again spiked to all-time highs, triggering an undesired turmoil in the US stock market.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Alejandro Arrieche

Alejandro is a financial writer with 7 years of experience in financial management and financial analysis. He writes technical content about economics, finance, investments, and real estate and have also assisted financial businesses in building their digital marketing strategy. His favorite topics are value investing and financial analysis.

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