Abu Dhabi (WAM)
Global equity markets ended 2022 with heavy losses amid rising investor fears of a global recession and a tightening of monetary policy to curb inflation, which has reached levels not seen in decades.
Chinese stocks suffered their worst annual loss since 2018, boosted by a range of factors including Covid-19 policies, the housing crisis and the Federal Reserve’s monetary policy tightening, while Japanese stocks posted their first annual loss in four. years old. European equities have soared this year. The worst numbers since 2018.
In European markets, the German DAX index decreased by 12.3% during 2022, equivalent to 1,961 points, and reached 13,923.59 points, compared to the previous level of 15,884.86 points at the end of 2021.
The European “Stoxx 600” index fell 13.1%, equivalent to 63.8 points, to 424.89 points against 488.71 points, while the “Euro Stoxx 50” index fell 11.9%, equivalent to 512. A clause is equivalent and closed. 3793.6 points against 4306.07 points at the end of 2021.
France’s “CAC” index lost 679 points, or 9.5%, to 6,473.7 points, after trading at 7,153.03 points at the end of last year, while the UK’s “FTSE 100” index posted the only gain between European markets. with a slight increase of 0.9%, equivalent to 67 points, to reach the level of 7,451.74 points, compared to the previous 7,384.54 points. Across Asian markets, Japan’s Nikkei index fell 9.4% for 2022, or 2,697.2 points, to close at 26,094.5, while the broader Topix index fell 5.1% to 100.6%. points, reaching 1891.7 points.
On the Shanghai Stock Exchange, the SSI Composite Index fell 550.5 points, or 15.1%, to close at 3,089.26 points, while the Hang Seng Index fell 15.5%, or 3,616.3 points, to 19,781 , 4 levels. spots.
Source: Al Ittihad
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.