+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

These are the European stock markets most exposed to China's meltdown

Aug 25, 2015, 14:45 IST

Goldman Sachs has set out an interesting league table showing just how exposed European stock markets with the greatest exposure to China, following Monday's stock market meltdown.

Advertisement

In a note sent to clients on Tuesday reassuring investors we're not about to tip into a global recession, Goldman sets out the below chart showing that Germany's DAX has the biggest exposure to China.

Goldman Sachs

Germany is known as a strong exporter and, like the Australian economy, has enjoyed strong business with China during its economic boom over the last 10 years.

The chart also shows the impact of "Black Monday" on stock markets across Europe, comparing their year to date gains prior to China's currency devaluation and performance since.

Advertisement

Weirdly, exposure doesn't match up with performance - Norway's OBX, the least exposed, has suffered the most since the devaluation. All its year to date gains have been wiped out and it is now down 1% on the year.

Of course, this is a crude measure and there are doubtless plenty of other factors at play in the performance of each market.

NOW WATCH: These are the watches worn by the smartest and most powerful men in the world

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article