The chart below highlights the recent performance bounces off 78 countries 52-week equity market lows. Its a good glimpse at which markets have recovered the most during the current relief rally, and those that have not done as well.
Hong Kong is up 46% off of its low just a few weeks ago. BRIC countries have nice bounces off their bottoms. Brazil is up the second most with a 34% increase, and India and China are both up 25%. Russia has been the weakest BRIC country with a gain of 19.5%. Of the developed countries, Japan’s bounce is the most at 24%, then the United States (22%), the UK, and Germany (18.9%). Italy and Canada have had the weakest gains of 10.6% and 12.1% respectively in the G7 grouping. Also, not all equity markets have had recovery rallies in recent weeks. 11 of them are trading less than a percent from their 52-week lows.
Chart: Bespoke Investment Group
Tags: 52 Week Lows, Bottoms, Bounces, Br, Brazil, BRIC, Bric Countries, Canada, Chart, China, Current, Developed Countries, Eco, Emerging Markets, Equity Market, Germany, Glimpse, Hong Kong, Img, India, Investment, Investment Group, Italy, Japan, Markets, Rallies, Rally, Russia, Trading, UK, United States, World Markets
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Courtesy of Bespoke Investment Group
2008 hasn’t just been a bad year for US stock markets, it’s been bad across the world. As shown below, with the exception of China, each of the major international equity indices highlighted are down on the year. Furthermore, eight different countries are currently within striking distance (2%) of hitting new 52-week lows.
Tags: 52 Week Lows, Blog, Brazil, BRIC, BRICs, Canadian Stocks, China, Hasn, India, International, International Equity, Investment, Investment Group, Markets, Miscellaneous, New 52 Week Lows, risk, Stock Markets, Striking Distance, US Stocks
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