I think one of the more interesting things that have happened during this market fall and the panic that surrounds is it that there is a lot more hysteria than the actual downfall itself.
It seems to me that the parallels to the 2008 crash are quite exaggerated, and personally things don’t seem nearly as bad as they were during the Lehman crash.
The Nifty has fallen a little over 20% and the Dow has fallen less than 5% for the year, but when you look at all the doom and gloom stories you would feel that the fall must be much steeper.
This sentiment made me curious to see how the major world stock markets have performed year till date. The worst that I could find was Greece that has fallen about 46% and the only one that I could see positive was New Zealand with about 1.7% gain this year.
The best source for global stock market indices data is Bloomberg, and I used data from there combined with mapping tools from Chartsbin to create this world map that shows how the major market indices fared this year.
Looking at this data on a map nicely illustrates three points:
- Europe’s woes.
- Emerging markets have fallen a lot more than the developed ones.
- Maps are cooler than graphs.
via chartsbin.com
Also, here is the raw data in a tabular format if you wanted to use this for something else. This can also make for an easy reference for the names and countries of major stock market indices in the world, and here is the link to the Google Spreadsheet.
| Country | Index | Current Price | Beginning Year Price | YTD Gain / Loss | YTD Gain / Loss % |
| Americas | |||||
| US | Dow Jones Industrial Average | 11,103.10 | 11670.75 | -567.65 | -4.86% |
| US | S&P 500 Index | 1,155.46 | 1271.89 | -116.43 | -9.15% |
| US | NASDAQ Composite Index | 2,479.35 | 2691.52 | -212.17 | -7.88% |
| Canada | S&P TSX Exchange | 11,588.40 | 13395 | -1,806.60 | -13.49% |
| Mexico | Mexico IPC Index | 33,005.10 | 38542.16 | -5,537.06 | -14.37% |
| Brazil | Brazil BOVESPA | 51,243.60 | 70317 | -19,073.40 | -27.12% |
| Europe | |||||
| UK | FTSE 100 Index | 5,303.40 | 6043.86 | -740.46 | -12.25% |
| France | CAC 40 Index | 3,095.56 | 3916.03 | -820.47 | -20.95% |
| Germany | DAX Index | 5,675.70 | 6975.35 | -1,299.65 | -18.63% |
| Spain | IBEX 35 Index | 8,798.40 | 9888.4 | -1,090.00 | -11.02% |
| Italy | FTSE MIB Index | 15,529.00 | 20547.03 | -5,018.03 | -24.42% |
| Portugal | PSI 20 Index | 5,921.13 | 5,921.13 | ||
| Netherlands | AEX Index | 288.31 | 358.86 | -70.55 | -19.66% |
| Stockholm | OMX Stockholm Index | 918.28 | 1165.8774 | -247.6 | -21.24% |
| Norway | OSE Benchmark Index | 395.59 | -395.59 | ||
| Switzerland | Swiss Market Index | 5,652.23 | 6494.31 | -842.08 | -12.97% |
| Ireland | Irish Overall Index | 2,562.74 | |||
| Denmark | OMX Copenhagen Index | 294.45 | |||
| Greece | Athens Stock Exchange General Index | 744.37 | 1390.9 | -646.53 | -46.48% |
| Israel | Tel Aviv Exchange | 1,036.76 | |||
| Russia | MICEX Index | 1,351.42 | 1759.46 | -408.04 | -23.19% |
| APAC | |||||
| Japan | Nikkei | 8,605.62 | 10228.92 | -1,623.30 | -15.87% |
| China | Hang Seng Index | 17,707.00 | 23436 | -5,729.00 | -24.45% |
| Taiwan | Taiwan TAIEX Index | 7,211.96 | |||
| India | Sensex | 16,232.50 | 20950.5 | -4,718.00 | -22.52% |
| India | Nifty | 4,888.05 | |||
| South Korea | KOSPI | 1,759.77 | 2085.14 | -325.37 | -15.60% |
| Thailand | Stock Exchange of Thailand SET Index | 636.07 | 733.98 | -97.91 | -13.34% |
| Singapore | FTSE STRAITS TIMES INDEX | 2,640.30 | 3250.29 | -609.99 | -18.77% |
| Pakistan | Karachi 100 Index | 11,853.80 | 12110.26 | -256.46 | -2.12% |
| Australia | S&P ASX 200 Index | 4,162.90 | 4714.9 | -552 | -11.71% |
| New Zealand | NZX 50 Index | 3,383.64 | 3326.71 | 56.93 | 1.71% |
As always I am interested to hear what you say, but this time I’m also interested to hear from you if this data surprised you and if you felt that the fall was really a lot more than the 20 odd percent that we have seen yet?
For the interested readers who want to know basics of stock exchange Stock exchange : What is it, Who owns, controls it, how the stock exchanges have evolved and what are different stock exchanges of the world one can read stock exchange
Indian Stock Market is no longer isolated. The fundamentals of the companies no longer reflect their stock prices.I have observed that the prelunch stock prices depend on Asian Stock Market which open earlier.After 1 Pm when the European markets open the indian prices start up or down.Overnight USA prices again inflence the Indian prices. This is all because the foriegn Institutional Investors have a stranglehod on the Indian market.
you’re watching too much TV 🙂
Great analysis and great visual presentation-charts are cooler than graphs :-). I was surprised by some numbers!
Kehte hain ki “doodh ka jala chach bhi phook phook ke pita hai”. 2008 was a major financial crisis that we all faced. Everyone is scared that whether 2011 will be a repetition or not. Volatility in the market -everywhere is not helping. Inflation is high, interest rates are high so everyone is trying to be extra cautious,
To me the current falls are similar to the aftershocks of an earthquake. When an earthquake strikes, the devastation is much pronounced the first time than the later ones. The reason which triggered the earlier fall was much serious than the current one too. I agree with you Manshu, that the stories are indeed exaggerated this time.
The trouble is that the fall itself, and when we are in it causes so much panic that people sell out of their funds and stocks at very low prices and book heavy losses. This is a good analogy though.
What I like about your blogs is that they are unique…today we are comparing India with most developed and developing countries of the world…there are so many indicators for it…U pick some of the most interesting one..chart it out and give an interesting piece for the readers…totally love it!!!
You are very kind – thank you Nikita!
I think the stability and volatility definitions will need to change in the next few years. India being relatively closed and stable, has a higher volatility than the US, which is actually under much more problems than what surfaces but still less volatile.
I don’t think this is going to change in the next few years, probably even decades.
Emergening markets are always more volitile than developed. When people in developed economies scared,
they are rapidly pooling out, fixing the gains.
But this is just opportunity to buy now. I do not think that stability will be a most likely scenario for next generations.
Markets will be extremely volatile.
But this is again, depends when you decide to make comparison and how to break colour coding. If you would make it not -23.19, but -24 it would look
less scary. It depends what you are trying to demonstrate ; -)
Two things:
1. The change you suggest would only make Russia a slightly lighter shade, and I don’t know how meaningful that difference will be.
2. The color coding is generated by the tool automatically, and they give you a few options to select. This is the one that looked most apt to me since it breaks all countries into quintiles and colors them accordingly.
Hi Manshu,
I must say – you are damn creative 🙂
I agree Hemant, and wonder whether Manshu is a member of an advertising firm’s creative team. 🙂
Thank you guys – I’m not even close to being on anyone’s creative team 🙂