Japan is the absolute pink jersey in the first six months of the Stock Exchange in 2013. The leadership of the stock markets unquestionably belongs to the Japanese market indexes Topix-Tokio (+31,87%) and Nikkei 225 (+31,57%) , followed by the index of the e-commerce market, the DJ Internet Commerce increased by 24,98%, and one of the semiconductor market (the SOX PH Semiconductors) at +23,68%.
In the six-monthly ranking of the stock markets, the Dow Jones Comp. Internet is positioned very well immediately after +19,04% (the general one shows +15,92%) and the Swiss Stock Exchange, where the “Swiss Perf. – Zurich” scores +15,21%.
From a geographical point of view, the countries in which the abundant monetary availability is accompanied by an absence of significant inflationary pressures seem to be rewarded, as well as certain frontier sectors, such as that of online trading.
As a consequence, the indices of the more traditional emerging countries fared poorly, struggling with internal problems or currency shocks. The Brazilian Bovespa index, a synthesis of the carioca stock exchange, is negative by as much as -22,22%, resulting in the worst index since the end of last year. The index of the Polish market "Polish Traded-Warsaw" follows closely, at -19,03%, despite Warsaw's economic growth.
China is pressing him with the "Hang Seng China Ent" and "Ftse/Xinhua China25" indices at -18,16% and -16,75% respectively, which discount the difficulties of Chinese corporates in coping with the perceived credit crunch.
The great variability in the performance of international indices, over a six-month period, seems to assign increasing importance to the activity of selecting the equity sector in which to invest, instead of the classic asset allocation. In short, shares yes but it's time for stock picking
