Just two global indices remain in positive territory since the pandemic has hit
Research by Sourced Capital shows that just two global indices have seen positive movement since the start of the COVID-19 pandemic, with the rest all in negative territory since the end of last year.
Across the 19 global indices, average growth currently sits at -10% since pre-pandemic levels seen in November 2019.
Just two have kept their head above water, the Argentinian Merval index and perhaps surprisingly, the NASDAQ 100.
The Merval has seen growth of 14% over the last six months, while the NASDAQ is close behind with a 12% uplift.
China’s Shanghai Comp has seen a marginal decline of -2%, while the US S&P 500 (-4%) has also seen a decline of less than -5%.
The worst performing to date is the Spanish IBEX 35, with a fall of -23% over the last six months, with the Italian FTSE MIB not far behind with a decline of -21%.
The Brazillian BOVESPA and French CAC 40 indices have also seen a decline of -20%.
With a decline of -16%, the UK’s FTSE 100 also sits in the bottom half of the table, joined by the S&P ASX20, BEL 20, RTS and Hang Seng.
Global indices – 6 month pandemic performance
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Nation
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Index
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6 month performance (Nov 2019 pre-pandemic to May 2020)
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Argentina
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Merval
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14%
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United States
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NASDAQ 100
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12%
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China
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Shanghai Comp
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-2%
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United States
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S&P 500
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-4%
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Switzerland
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SMI
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-6%
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Japan
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NIKKEI 225
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-6%
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Canada
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S&P/TSX 60
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-9%
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United States
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Dow Jones
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-9%
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Netherlands
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AEX
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-10%
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Germany
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DAX
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-12%
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Hong Kong
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Hang Seng
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-13%
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Russia
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RTS
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-15%
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United Kingdom
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FTSE 100
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-16%
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Australia
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S&P ASX 20
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-16%
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Belgium
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BEL 20
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-17%
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France
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CAC 40
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-20%
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Brazil
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BOVESPA
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-20%
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Italy
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FTSE MIB
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-21%
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Spain
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IBEX 35
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-23%
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Average
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-10%
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