Regional equity indexes lost about 20% in the first quarter, as the coronavirus pandemic battered stock markets.
The latest index update by S&P Dow Jones Indices showed emerging markets suffered the most, with a 26% drop in the S&P Emerging Broad Market index for the quarter through March 30. The S&P Developed Broad Market index fell 21.4% for the same period.
The S&P Europe 350 index fell 22.4% for the quarter through March 31, the worst quarterly performance since September 2002. The index also posted its worst single-day fall ever, dropping 11.6% on March 12.
The S&P United Kingdom index dropped 23.9% for the same period.
U.S. equities, tracked by the S&P 500 index, fell 18.3% through March 30.
"The first quarter was marred by global pandemic fears as COVID-19 spread rapidly across Europe," said a commentary accompanying the data Wednesday. "Italy, then Spain and shortly thereafter most of the remainder of the continent was locked down in order to slow the spread of the virus."