The MSCI emerging markets index has reached bear market territory (20% below trailing 1-year high).  Of the top 10 countries in the index, only 2 are not in bear territory. The other 8 are in bear markets.

(click images to enlarge)

Top 10 Country Holdings:

These two are down, but not near bear territory:

Taiwan

Malaysia

These 8 countries are all in bear territory:

China

China has been in bear territory since mid-2011.  One could debate whether they got out of bear territory in early 2013.  They are well below the 2013 trailing high, but not yet 20% below that level.  However, in the context to price since 2011, we call the price a continuation of the long running bear.

Brazil

South Korea

South Africa

India

Russia

Mexico

Indonesia

 

 

 

This entry was posted on Thursday, June 20th, 2013 at 5:50 PM and is filed under Interesting Charts. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.