The Hindu Business Line : World equity markets bounce back in April: S&P

NEW DELHI: Equity markets across the world, which had been reeling under the global credit crisis, regained most of their lost ground with impressive returns in April, a latest S&P report says.

According to leading index provider Standard & Poor's monthly global stock market review, emerging markets reversed direction in April gaining 7.49 per cent against a fall of 5.11 per cent in the previous month, while developed markets posted a 5.15 per cent gain in the month.

India posted double-digit gains of 11.49 per cent during the last month, a smart recovery from the 12.35 per cent losses made in March.

China also recouped in the month with gains of 15 per cent after falling 12.36 per cent in the previous month.

In the 12-month period as well, Indian equity market has provided investors with decent gains of over 29 per cent, however, in the past three months they suffered losses of 5.17 per cent.

In all, six of the 26 emerging markets posted double-digit gains, with sixteen markets increasing and ten declining.

Turkey rebounded from its 20.09 per cent loss in March to lead all markets with a 15.75 per cent gain in April.

"Global equity markets reversed direction in April as optimism prevailed based on the hope and belief that the world, and especially the United States, is near the bottom of the problems facing the credit market," Mr Howard Silverblatt, Senior Index Anal yst, Standard & Poor's said.

Developed world markets gained in April compared to a loss of 8.95 per cent in March partially due to higher returns by Japan (6.61 per cent) and the United Kingdom (5.85 per cent). - PTI

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