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On the heels of a +1,000% increase in inflation, Zimbabwe's stock market returned over 600% in the first quarter of 2007. Below we highlight the returns of the major equity markets (local currency) of 84 countries. Overall, 67 of the 84 countries were up for the quarter, and 65 performed better than the S&P 500. Be sure to check back in a couple days when we update our visual perspective of global returns.
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This table is really interesting. It would be great to see the returns in USD terms, because countries with hyperinflation, such as Zimbabwe, also tend to suffer significant currency depreciation.
Posted by: Caravaggio | April 03, 2007 at 03:09 PM