Dutch and Canadian markets fare worst

mercer/cent/australian-share-market/australian-investors/

14 October 2008
| By By Mike Taylor |

While Australian investors have done it tough over the past quarter, they have not experienced quite the level of stress as their Canadian and Dutch counterparts, according to the latest Mercer sector surveys.

The Mercer data revealed that while all major markets declined in September, it was the Netherlands and Canada that had fared worst, with declines of 14.9 per cent and 14 per cent respectively.

By comparison, the Australian share market, as represented by the S&P/ASX300 index, posted a 9.9 per cent fall in September and was down 27.1 per cent over a 12-month period.

The Mercer analysis said that resource sectors had been the hardest hit, with energy stocks down 13 per cent and materials down 22.5 per cent.

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