HAHAHA!! LOSER ****DOOS..SO MUCH FOR YOUR "RECORD BREAKING" ****DEX
OH IT IS BREAKING RECORDS...FATSEST LOSER MARKET
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NEW DELHI: India and China may be the flavour of the world markets, but
when
it comes to performance of their stock exchange indices in 2008, they are
doing the worst in Asia. While the Bombay Stock Exchange's National Index
(popularly known as BSE 100 Index) dipped by 16.08% during the first two
months of 2008, the Shanghai Stock Exchange's Shanghai A Index slipped as
much as 17.36% during the same period.
A comparison of major market indices in Asia by Thomson Financial reveals
that none of the indices posted positive returns during the said period.
The
best performing index during the period was Jakarta Se Composite, which
declined by less than 1% during the said period.
According to analysts, the bad performance of these indices is largely due
to the late correction in India and China. "Even though global markets
witnessed a slowdown in December, emerging markets like India and China
carried on till January. In case of India, the correction happened only
after the first fortnight of January," explains Dipen Shah, head -
research
of Kotak Securities.
According to Mr Shah, the correction may continue for the next two-three
months, and a lot would depend upon the next quarterly results of India
Inc.
"There has been a definite indirect impact of the sub-prime lending crisis
on the markets. With FIIs losing money due to the US recession, it has hit
the liquidity in India. Re****ts that profits of ICICI Bank's erosion of 9%
profits due to sub-prime has also not come at a right time, which may send
a
wrong signal to the markets," he feels.
Sanjay Aggarwal, national industry director, financial services, KPMG
India,
thinks that it would be unfair to pinpoint fingers on any particular
reason
for this fall. "Let me put it like this - there are speedbreakers on a
road,
and a bigger one has come across this time. Possibly with elections
expected
to be round the corner, US as well as India, this could be a result of the
cautious approach of investors towards the stock markets," he said.
Analysts expect the market to witness significant global currency
corrections in near future. "These have a bearing on the investments in
emerging markets and returns thereon. Global fund allocations for emerging
markets would be clearer once currency implications become clearer during
the next few months," Mr Aggarwal said.
http://economictimes.indiatimes.com/India_China_worst_performers_in_stock_mkts/articleshow/2848562.cms
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