Crash of 2008 Market League Table

Posted by | December 31, 2008 | Uncategorized | No Comments

1. Shanghai – down 65.2%
2. Mumbai – down 51.9%
3. Singapore – down 49.2%
4. Hong Kong – down 48.3%
5. Paris – down 42.7%
6. Tokyo – down 42.1%
7. Sydney – down 41.3%
8. Frankfurt – down 40.4%
9. New York – down 34%
10. London – down 31.3%

London has the worst year in its history (but the index in question is only 20 years old), although comes out bottom of the list in terms of severity.

The chart is interesting in that the two places which could be worst affected in the longer term are New York and London, and the markets that are most likely to bounce back are Shanghai and Mumbai. This is partly a function of size and resulting inertia.

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