
Typically defined as a tumble of 20 percent or more from a high, bear markets arrived for Japan’s Topix index and the Nasdaq Composite last week.
Here’s a look at some other notable moves from Italian shares to natural gas, with the date circled on the charts to mark the crossing of the threshold.
FANG flu
Equity rout
Equities in Europe and Japan have also taken a leg down on the prospect of slowing global economic growth, while political turmoil from Paris to Rome dents investor confidence.
Over in the United Kingdom, overseas profits are helping the main stock index fare slightly better. The weakness in the pound has provided a buffer despite Brexit fears. Returns must be denominated in US dollars for the index to be considered as having crossed the 20 per cent threshold for a bear market.
China woes
The escalation in the US-China trade spat came as China’s economy was already slowing. The Shanghai Composite was one of the first major indexes to enter a bear market this year as the Trump administration imposed tariffs on a swathe of Chinese exports.
Oil, coffee
Commodity markets also suffered as expectations grew for a slowdown in China that may be sharper than previously thought. The selling has affected items including coffee as well as industrial metals like copper and energy products like WTI crude and natural gas.
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1 Comment on this Story
DrBenoyKumar Chattapadhyaya795 days ago How it is? |