According to the monitoring unit of the reports in Al-Eqtisadiah newspaper, the markets of Japan, Germany, and Russia are close to compensating for all their losses due to the pandemic, as they are less than 5 percent from pre-outbreak levels.
Yesterday, Russia announced the development of the first vaccine to counter Corona, which increased investors’ appetite for risk and rose stocks, as stocks benefit from stimulus plans for major countries in the world.
The decline in commodity and currency markets began mainly since January 15, 2020, when the World Health Organization stated that it was working with officials in Thailand and China, after reports confirming the discovery of a person infected with a new Coronavirus in Thailand.
Currently, the Nasdaq American Stock Index is up 15.6 percent from its levels before Corona, to close on August 10 at a level higher than 10968.4 points, compared to the January 15, 2020 session, during which it closed at 9259 points.
The Kospi 50 index “South Korea” also rose by 15 percent, to rise during Tuesday’s session, August 11th, at 2418.7 points, compared to the session on January 15, 2020, during which it closed at 2057 points.
The Chinese Shanghai index also rose 7.5 percent, to 3340.3 points, compared to the January 15, 2020 session, during which it closed at 3090 points.
The US Standard & Poor’s Index rose 2.1 percent, to reach 3360.5 points, compared to the January 15, 2020 session, during which it closed at 3289 points.
The data indicate that the performance of the American and Asian indices was the best during the mentioned period, while the worst European indices “with the exception of Germany”, which are between 17.5 and 31.2 percent from their levels before Corona.
The Saudi stock market index came in the middle, as it is still down 10.6 percent since January 15th.
It came at the top of the ranking of major global stock markets in terms of the best performance since the Coronavirus was officially announced on January 15th, the US Nasdaq, and the Korean Kospi 50 index, which are 15.6 and 15 percent higher than pre-Corona levels.
Third, behind them came the Chinese Shanghai Index, which increased by 2.1 percent, and the US Standard & Poor’s 500 Index, which increased by 2.1 percent.
Fifthly, the German DAX 30 index, down 3.3 percent from its levels before Corona, as it traded on Tuesday at 13009 points compared to 13432 points on January 15.
Behind it came the US Dow Jones Index, as it remains down 4.5 percent from its levels before Corona, and closed on the tenth of August at 27791 points, compared to 29030 points on January 15.
Followed by the Russian Moscow Index, which is down 4.8 percent from its levels before Corona, as it traded on Tuesday at 2,990 points, compared to 3,133 points before the virus.
It is followed by the Japanese Nikkei 225 index, which is down 5.1 percent from its levels before Corona, as it traded on Tuesday at 22,750 points compared to 23,917 points before the virus.
As for the Indian Sensex index, it is down 9 percent, as it traded on Tuesday at 38407 points, compared to 41,873 points on January 15th.
Behind it comes the Saudi TASI Index, which fell 10.6 percent from its levels before Corona, as it closed yesterday at 7,626.2 points, compared to 8,433 points on January 15.
Then the European indices, the Italian Milan 40 index, down 17.5 percent, then the French CAC 40 index, which fell 19.7 percent from pre-Corona levels, followed by the British FTSE 100 index, which fell 23.2 percent, and the Spanish IBEX 35, down 31.2 percent.
Source: Asharqia Chamber