Negative returns in Nov

Developed and emerging equity markets posted negative returns in November as concerns over portfolio asset values, mostly housing related, weighed heavily on financial markets. According to a Standard & Poor’s global stock market review, developed equity markets fell 4.39 per cent in November, while emerging equity markets lost 6.18 per cent. “World equity markets turned lower in November as the financial liquidity crunch, as well as the related earnings charges, continued to weigh down the markets,” says Howard Silverblatt, senior index analyst at Standard & Poor’s.