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
-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.
