S&P: Global markets lose record $5.79T in October

World equity markets lost an estimated $5.79 trillion during October, the biggest monthly loss ever, Standard & Poor's Index Services said Monday.

The October loss eclipsed the previous record, which was set just one month earlier, when 52 global equity markets lost a combined $4 trillion.

Through the first 10 months of the year, world markets have lost about $16.22 trillion, according to S&P research.

Though U.S. markets accounted for nearly 40 percent of the losses during the month, they performed better than the average world market.

The U.S. accounted for $2.27 trillion of October's losses, as S&P's broad market index for the nation fell 18 percent. The global average decline was 20.7 percent during the month.

Hungary's equity market declined the most, falling 43.2 percent during the month, which equates to about $8.6 billion in losses. Pakistan performed the best, falling just 4.2 percent, or $276 million.

Back To Top