FX Graph

Despite rebound, global equities suffer the worst drop since 2008


Global stocks rallied on Wednesday after suffering tremendous losses in October, where they are still on the brink of their worst monthly fall in a decade.

Euro STOXX 600 climbed 1.71 percent to 361.60 after plummeting to a low of 348.44, the lowest level since December 2016, trailing gains in Asia and overnight jump in US stocks indices.

However, October remains one of the toughest months for world stocks, dominated by downside correctional movements on the back of trade fears.

The sharp tumble in October has dragged major global indices into the red zone for this year, with China’s SSE Composite leading losses with 22.3 percent drop for 2018.

Synchronized sell-off has wiped off nearly $8 trillion from global stocks, which is the most since the financial crisis of 2008.

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