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. Last Updated: 07/27/2016

Russia Takes 6th Place on Market Performance List

The Russian stock market rose 12 percent from January through September, ranking sixth on a new ranking of 40 of the world’s equity markets by U.S. investment bank Merrill Lynch.

China’s Shangai B index easily outperformed the world for the first nine months of the year with growth of 62 percent.

The worst performers, according to a recently published list ranking 40 of the world’s stock markets, were in Southeast Asia. Thailand’s Bangkok SET, down 42 percent, was at the bottom. Runners-up were the Philippines’ KOSPI, dropping 40 percent, and Indonesia’s Jakarta SE down almost 38 percent.

The list was compiled by a Merrill Lynch subsidiary — International Private Client Group — which works with major private international clients. The principal criteria for determining the rating is the dynamic of the principal stock market index of a country calculated in its national currency.

Analysts had predicted major growth for Russia this year and so far the country has delivered, outperforming most of the world’s developed countries.

Less than one third of the countries on the list showed positive gains for the first three quarters .

The U.S. stock market, which is the world’s largest in terms of capitalization and which hit a one-year low Thursday, was out of the top 20 at 24.

Russia finished third in 1999, behind Turkey and Finland.