Stock markets lost $5 trillion in October

AndrewWND

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Nov 5, 2018
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According to analysts from S&P Dow Jones Indices, stocks and bonds from all over the world had lost $5 trillion during October.


The stock index MSCI World which includes securities that are traded in 23 countries drooped by 15% in comparison with January indicators.



S&P 500 has shown the strongest fall since 2011, index got down by almost 7%. Also, approximately 400 shares from the list have shown a reduction. Down Jones has fallen by 5,1% – this is the biggest loss since 2016.

Nasdaq indicators which include shares of technology companies have decreased by 9,2%. Such a result is a new record since November 2008.




Hong Kong index Hang Seng declined by 10%, Chinese Shanghai Composite lost 8% in October.

By the way, October wasn’t the best time for Amazon, company`s shares depreciated by 20% in comparison with the maximum of September. The value of the company has declined by almost $250bn. It should be noted that stocks of other retailers grow up at the same time. Walmart added 7%, Walgreens – 10% and Ross Stores accelerated by 2%.

The part of biggest technology companies finished the month with a growth. Tesla`s stocks became more valuable by 13% and Twitter`s shares increased by 23%. The strongest growth (from S&P 500 list) shown Red Hat, its stocks went up by 29%.