Most
of the stock markets in the world ended the third quarter of this year in the red. The aggregate capitalization fell
by $11 trillion due to many factors - from the economic slowdown in China to the
expectation of US interest rates rise.
Raw materials quarter proved to be the worst since 2008 and this naturally
affected the commodity currencies. Will there be new shocks when finally the US
central bank increase the interest rates?
Yet there are exceptions. Leader in growth became Latvian stock index OMX
Nasdaq Riga which in September jumped by 30% after weak variations in the
previous two months.
In USA the decline in the stock
market reached the maximum for the last four years.
From July to September Standard & Poor's 500 has dropped by 6.9% and the Dow
Jones Industrial Average - by 7,6%.
For the same period the Western European stock markets lost 8.8% (Stoxx Europe
600 index), which was also the largest shares decline from 2011 onwards.
In Asia as a whole was noted even bigger decrease this quarter - MSCI Asia
Pacific fell by 15%. And in Shanghai, Singapore and Jakarta the collapse was
greater than the peak of the crisis in 2008. The worst result among 90 indexes showed China's Shanghai Composite has collapsed
by 29%.
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