The value of ASX-listed stocks, as measured by the All Ordinaries Index, fell 7.9% in May in line with significant falls inmajor global markets including: Japan down 11.7%, the US down 8.2%, Singapore down 7.5%, the UK down 6.6%, Hong Kong down 6.4%, and Germany down 2.8%.
The fall in May was the largest monthly decline in the All Ordinaries Index since October 2008, and was largely driven by a range of external events emanating from Europe and concerns about how these events may impact on future global economic growth.
The major slide in equity prices, combined with heightened volatility and uncertainty across a wide range of financial products and markets, underpinned healthy secondary trading activity on ASX markets during May.
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