Economy 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.