A Rough Year for Global Stock Markets
Coming in a distant second was Ireland’s bourse with an 11.7% jump. The rest of the positives were Switzerland’s 5.5% increase, Canada’s 4.2%, Italy’s 3.2% and Israel’s 1.5% gain.
Korea fared worst, losing nearly 51% for the year, while Thailand and Taiwan also fell by more than 40%.
Turkey, last year’s “star” with a 485% return, fell hard in 2000, coming in 34th.
MERRILL LYNCH IPCG WORLD STOCK MARKET PERFORMANCE
2000 Rank | Country | % Increase (2000) | 1999 Rank | % Increase (1999) |
1 | China | 136.6% | 22 | 32.0% |
2 | Ireland | 11.7% | 37 | 0.0% |
3 | Switzerland | 5.4% | 36 | 6.0% |
4 | Canada | 4.2% | 24 | 30.0% |
5 | Italy | 3.2% | 28 | 22.0% |
6 | Israel | 1.5% | 10 | 66.0% |
7 | Australia | -0.3% | 32 | 12.0% |
8 | Poland | -1.4% | 17 | 41.0% |
9 | France | -2.9% | 14 | 51.0% |
10 | South Africa | -3.6% | 13 | 57.0% |
18 | United States | -10.5% | 29 | 20.0% |
32 | Japan | -26.0% | 20 | 37.0% |
33 | The Philippines | -31.5% | 33 | 9.0%<</p> |