Developed equity markets returned 3.4% in October, while emerging equity markets gained 11.07%, according to Standard & Poors data released today. Among the 26 major developed markets in October, the U.K. gained 6.38%; Germany, 4.5%; France, 4.14%; the U.S, 1.97%; and Japan, 0.12%. Only Sweden posted a loss in October, dropping 2.09%. Among major emerging markets, China gained 16.15% and India, 16.01%; Hungary was the only emerging market to show a loss last month, declining 1.87%.
Concern over corporate earnings charges placed a heavy burden on financial markets in October, Howard Silverblatt, senior index analyst at Standard & Poors, said in a statement about the results. However, with the exception of the thrifts and mortgage finance subindustry, world equity markets showed strong returns despite the higher volatility and uncertainty in the marketplace.
All performance numbers are total returns, including dividends, based on the S&P/Citigroup Broad Market index.