This week we had a risk-off market since US stock market fell on Thursday and Friday.
I would like to take a look at the situation of major stock indices in major countries.
This week’s decline of global stock indexes
1. Relative comparison of major stock indices (January 2020 to September 4, 2020)
The chart above is a relative comparison of the stock indices of major countries since the beginning of 2020.
From above, the order is as follows.
- NASDAQ (US)
- Shanghai Composite Index (China)
- S&P500 (US)
- Nikkei 225 (Japan)
- Dow 30 (US)
- DAX30 (Germany)
- AU200 (Australia)
- FTSE100 (UK)
You can see that the drop in NASDAQ market, which mainly consists of IT and high-tech sectors, is larger than other indices. Since it has risen significantly higher than other indices, it is necessary to be careful how much the adjustment will continue.
2. Relative comparison of major stock indices (January 2017 to September 4, 2020)
For reference, above chart is a comparison of the past three and a half years (from beginning of 2017).
You can see that the performance of US stocks, especially NASDAQ, is outstanding.
(Nasdaq is up 150% in three and a half years, down to 135% in this week.)