S&P: World equity markets lose $5.2T in January
If investors thought the market could only go up, January's wake-up call pulled them back into reality.
Standard & Poor's announced today that world equity markets lost a combined $5.2 trillion in January as emerging markets fell 12.44 percent and developed markets lost 7.83 percent to register one of the worst ever starts to a new year.
The figures were released today as part of Standard & Poor's global stock market review, The World by Numbers.
"There were few safe havens in January as 50 of the 52 global equity markets ended the month in negative territory, with 25 of them posting double- digit losses," says Howard Silverblatt, senior index analyst at Standard & Poor's. "High volatility, quick turnarounds in both the market and investor sentiment, and drastically lower stock prices prevailed throughout the month."
All 26 developed equity markets posted negative returns in January, with 16 losing at least 10 percent of their value. The January declines negated all previous market gains, leaving all of the developed markets in the red for the trailing 3-month period.
Twelve-month returns were mixed with 15 developed markets in positive territory and eleven in the red (six with double-digit negative returns).
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