World equity markets lose $5.8trn in worst month ever

The research, measured in dollar change to investor-held equity accounts, showed that in October global equity markets lost 45% more than September’s -$4trn. S&P believes approximately $16.22trn has been lost year-to-date (to 31 October). Perhaps surprisingly, Jordan was the world’s best-performing market year-to-date, falling 13.67%, and 14.49% in October, compared with the average world equity market dive of 27.47% in October and 49.30% year-to-date. Pakistan was the most resilient market in October, losing just 4.23%, followed by Morocco with -11.5%, which also ranked second year-to-...