Word: datastream
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...CREDIT: Datastream...
This simply underlines how many games there now are in town. New York, London and Tokyo may be the heavyweights, but there is action in Thailand, Jordan and Chile as well. Datastream International, a company that provides market data, tracks 40 stock markets worldwide. Brokerage houses now need the horizons of travel agents to satisfy a clientele no longer content to stay at home. Much treasure lies buried on distant shores, in places that used to show up only in holiday brochures or travelogues...
Exotic equity markets, called fringe markets or emerging markets in the securities trade, are continuing their surge in 1992. Five weeks into the year, all the top 15 in Datastream's rankings are Third World countries, except Taiwan, South Korea, Greece, Hong Kong and Finland, and these 15 leading performers include such surprises as Colombia, India, Indonesia and Nigeria. The U.S. languishes in 21st place, among such other slugabeds as the major European countries. Japan, of course, is famously down, bumping the bottom of the performance standings...