Foreign Markets Starting to Look Bearish

Domestic indices had a wild ride yesterday, but foreign exchanges have been volatile over the past few days. Most every major foreign exchange tumbled Monday. Some struggled to regain their footing yesterday [Tuesday] while others continued their downward decline.

Here's a deeper look:

Region

% Change 1/21

% Change 1/22

Year To Date

 

 

 

 

China/Hong Kong

 

 

 

Hang Seng

-3.8%

-8.7%

-22%

Shanghai

-5.1%

-7.2%

-13.9%

 

 

 

 

India

 

 

 

Bombay

-7.4%

-5%

-18.5%

 

 

 

 

Europe

 

 

 

FTSE 100

-5.5%

+3%

-11.1%

DAX

-7.1%

-0.3%

-16.1%

CAC 40

-6.8%

+2.1%

-14.5%

 

 

 

 

Japan

 

 

 

Nikkei 225

-3.8%

-5.7%

-17%

 

 

 

 

Brazil

 

 

 

Bovespa

-6.6%

+4.5%

-10.4%

Markets across the Asia-Pacific region plummeted for the second straight day. The Nikkei 225 saw its worst two-day decline in nearly 20 years, and sank below the 13,000 mark for the first time since September 2005.

Australia's S&P/ASX 200 experienced its biggest drop since the index was launched in 2000, falling 7.1%. 

Hong Kong's Hang Seng index fell 8.7%. It has dropped 31% since its peak of 31,638.22, hit back in October.

Indian shares plunged 11% within minutes of the opening bell, resulting in a one-hour freeze in trading. When trading resumed, stocks slid another 2% before rebounding.