Chemical Week Magazine :: Other
Are Things Different This Time?
2:26 PM MST | January 28, 2008 | Robert Westervelt Robw@Chemweek.Com
The swoon in global equity prices last week, which hit chemical makers particularly hard, appears to be a rejection of the notion of “decoupling,” the idea that faster-growing emerging economies can sustain global growth in the face of a U.S. recession. Stocks that make up the CW75 Index fell 9.8% for the seven-day period ending January 22, the largest one-week drop since the index was launched five years ago (p. 35). Broader market indexes, including the Morgan Stanley global composite and the Standard & Poor’s 500, suffered drops of 6.8%...
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