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 |
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China/Hong Kong |
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Hang Seng | -3.8% | -8.7% | -22% |
Shanghai | -5.1% | -7.2% | -13.9% |
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India |
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Bombay | -7.4% | -5% | -18.5% |
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Europe |
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FTSE 100 | -5.5% | +3% | -11.1% |
DAX | -7.1% | -0.3% | -16.1% |
CAC 40 | -6.8% | +2.1% | -14.5% |
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Japan |
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Nikkei 225 | -3.8% | -5.7% | -17% |
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Brazil |
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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.