India's Better Performance In The World's Stock Markets, China's Market Decline

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India's Better Performance In The World's Stock Markets, China's Market Decline
29 Sep 2022
5 min read

News Synopsis

A recent SBI report said that the Indian stock market has performed among the world's markets this year as the best. The Sensex and Nifty have lost 3.5% this year. The UK stock market declined 6.5%, Japan's stock market declined 9.8% and China's stock market declined 16%.

Meanwhile, the US Dow Jones and France markets fell 20-20 percent. Switzerland’s stock market fell 22.2%, the euro market fell 22.8%, and Hong Kong's 23.3%. The German market is down 23.7%, while the US S&P 500 is down 23.8%. The Russian market saw the biggest fall of 49.8 percent.

Retail investors are holding the Indian market. He entered the market in Corona. Since then 2.9 lakh crores have been invested in the secondary market. Out of this, 2.3 lakh crore has come in 2021 and the first half of this year.

UK Forex is down 11.7%. South Korea’s forex is down 5.50%, or $24 billion. Japan’s forex reserves fell 6.5%. It fell from $1,259 billion to $1,177 billion. China’s foreign exchange reserves fell 4.9 percent, or $159 billion, to $3,055 billion.

The weakness of the rupee against the dollar has had an impact on the foreign exchange reserves of the country. India’s currency reserves have declined more than the top countries. The foreign exchange reserves (forex) stood at $632 billion in February this year. It fell by $86 billion, or 13.6 percent, to $546 billion in August. During the same period, Thailand’s foreign exchange fell from $223 billion to $28 billion, or 12.6 percent, to $195 billion.

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