November 22, 2008

Global Markets & performance of BRIC

World Index Vs BRIC
In the World Index (WI) analysis we have seen that WI has retraced back to the April 2005 level. The "Developed" economies had significantly lost the value in the current financial turmoil, with many indices retraced as much as to 2003 levels(DOW,Nikkei,FTSE,CAC40) with only one participation form emerging economies, Taiwan. However from the BRIC group, Brazil, India & China has manged to stay afloat above April 2005 lows, with Russia going down slightly below April 2005. (See respective charts). Few others economies like Chile (SASE), Indonesia(JSX), Mexico (MXSE),PERU(LIMA),S.Africa (JSE All), S.Korea(KOSPI),Venezuela (IBC) are trading at higher levels than there respective April 2005 lows. Brazil IBovespa
Russia MOS Times India-Sensex China-SSE Composite