Market Performance in Asia
Tortola Capital reports on a mixed bag of Market Performance throughout Asia in 2009. While some countries reported high gains, others, such as Japan, are facing over a decade of losses. Japan's markets have suffered their second 'lost decade' in a row. The Nikkei is 44.3% below where it stood at the end of 1999. It is 72.9% below its peak near the end of 1989.
However, the benchmark Korea Composite Stock Price Index, or Kospi, rose 49.7%, its best year since 2005. Other countries boast soaring markets but may face future inflation, predict analysts at Tortola Capital. For example, Indonesian stocks rose 87% and India's Sensitive Index, or Sensex, rose 81%, but both countries face the risk of inflation in 2010.
The benchmark Shanghai Composite Index hit its low point in October 2008. It rose 80% in 2009, but remains 45.7% below the October 2007 peak. 2010 should be an interesting year for China, and the investment team at Tortola Capital will continue to look for signs of growth across Asia.
