Ever wondered which of the world’s stock markets has fared the worst during the recent financial turmoil? Thanks to Stan Secrieru wonder no more. The winner is Russia (cue sounds of Russian national anthem). Helped by a brutal war, market-rattling commentary by Prime Minister Putin and a belligerent state-of-the-union address by President Medvedev, Russia’s RTS fell by 68 percent.
A close second is China, whose dollar-packed treasury can do little to keep up China’s economic growth if Western demand slumps. Beijing’s leaders can take comfort in Hong Kong’s Hang Seng index, which “only” saw a 49% drop.
In Brazil, the falling price of oil has hurt state-controlled oil multinational Petrobras, the most important company listed on the stock exchange. In the top nine bourses, the FTSE 100 did best, dropping only 33 percent compared to last year. See the full list here:
| Stock Exchange | Index dynamic (November 07 – November 08) |
| Brazil BM&F Bovespa | -41% |
| China SSE | -64% |
| France CAC 40 | -40% |
| Germany DAX | -39% |
| India S&P/CNX 500 | -50% |
| Japan NIKKEI 225 | -42% |
| London FTSE 100 | -33% |
| Russia RTS | -68% |
| US DOW | -34% |
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