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  • Aug 24, 2014
  • Updated: 2:09am
BusinessBanking & Finance

Global stocks rise as financial risks dissipate

PUBLISHED : Saturday, 26 January, 2013, 9:37am
UPDATED : Saturday, 26 January, 2013, 9:37am
 

Global financial risks dissipated last year as fears faded that the euro currency would collapse and China’s economy avoided the sharp slowdown that many had feared. That’s made investors more optimistic, boosting stock markets around the world.

Even Greece, where unemployment ended the year at 26 per cent, saw stocks rise. Its benchmark stock index jumped 33 per cent, though that came after it fell by half in 2011.

But leading US economist Barry Eichengreen warns that the debt crisis that has shaken Europe to its core could easily erupt agathis year unless European leaders move faster to solve their problems.

Here are the last year returns for major stock indexes in 29 leading economies:

 

 Stock index return, last year (%)

 Turkey 52.6

 Greece 33.4

 Germany 29.1

 Denmark 27.2

 Austria 26.9

 Poland 26.2

 India 25.7

 Japan 22.9

 South Africa 22.7

 Belgium 18.8

 Mexico 17.9

 Argentina 15.9

 France 15.2

 Switzerland 14.9

 Australia 14.6

 United States 13.4

 Indonesia 12.9

 Sweden   12

 Norway 10.9

 Finland 10.5

 Netherlands  9.7

 South Korea  9.4

 Italy  7.8

 Brazil  7.4

 United Kingdom  5.8

 Russia  5.2

 Canada    4

 China  3.2

 Spain -4.7

 

 

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