Trillion dollar wipeout: world stocks' worst first half since 2010
Updated : June 29, 2018 11:06 PM IST
A grizzly mix of US-China trade tensions, central banks turning off the money taps and cooling growth in hotspots including Europe has wiped a trillion dollars off MSCI's 47-countryworld index.
A pumped-up dollar, which has had its best first half in three years, and a 16% leap in oil prices have played a big role too clobbering emerging markets particularly hard.
Chinese stocks have entered bear market territory and EM equities have slumped 10%, or 17% excluding a brief January surge.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more