Brazil, New Zealand, India best-performing markets under Trump rule



Brazil, and India were the best-performing globally under the presidency. The Brazil’s Bovespa has surged 87 per cent followed by New Zealand’s NZX 50 and India’s Sensex nearly 85 per cent each since Trump’s inauguration on January 20, 2017. All the returns are in local currency terms.


Meanwhile, the Spanish and the British are the worst performers in the last four years. Spain’s Ibex 35 has declined 12.6 per cent, while the FTSE 100 is down nearly 7 per cent. Malaysia, Thailand, Mexico, Philippines and Singapore are the only other major to see negative returns during the Trump rule.


The MSCI All-Country World Index, a gauge for the performance of the world markets, rose 53 per cent during the Trump era. Trump’s trade war with China and protectionist policies often caused turbulence in global equites. World equites are in buoyant mood ahead of the inauguration of Joe Biden as the 46th US President on hopes of a big stimulus package to shore up the economy battered by the Covid-19 pandemic.


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