World Markets Review: Rally Mode Resumes, With Exceptions
Doug Short | Apr 14, 2013 12:36AM ET
Six up (one up big), and two down. That, in a nutshell, is the story from the eight world indexes on my weekly watch list. Japan's Nikkei 225 surged 5.08% last week, and that comes on top of its 3.51% gain the week before. The S&P 500 and FTSE 100 were in distant second and third place with 2.29% and 2.15% gains, respectively. You know it's a good week when the two middle-of-the-pack indexes, France's CAC 40 and Hong Kong's Hang Seng, posted strong gains in the upper one percent range. China's Shanghai and India's SENSEX were the two losers, down 0.83% and 1.13% respectively.
The Shanghai remains the only index on the watch list in bear territory -- the traditional designation for a 20% decline from an interim high. See the table inset (lower right) in the DAXK a price-only index, instead of the more familiar DAX index (which includes dividends), for constency with the other indexes, which do not include dividends.
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