No. 1403. Foreign Stock Market Activity—Morgan Stanley Capital International
Indexes: 1995 to 1999
[Index figures shown are as of December 31. January 1, 1970=100, except as noted. Based on share prices denominated in U.S.
dollars. EM=Emerging Markets]
Percent
change 1
Index
Index and country
1995
ALL COUNTRY (AC)
INDEXES
AC World index . . . . .
AC World index except
USA . . . . . . . . . . . .
AC Asia Pacific . . . . .
AC Europe . . . . . . . .
European Union . . . . .
1998
1999
. 182.0 271.9 341.2
19.7
25.5
12.0
0.5
24.8
27.9
29.7
57.9
15.2
17.0
153.8 180.0 233.4
124.5 82.6 130.4
201.9 364.6 420.1
189.2 349.0 408.3
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734 1,150 1,421
. 1,136 1,405 1,760
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733 1,337 1,526
. 2,362 1,595 2,490
. 3,384 2,215 3,568
United States .
Canada . . . . .
Australia . . . . .
New Zealand 4.
Austria . . . . . .
Belgium . . . . .
Denmark. . . . .
Finland 4. . . . .
France . . . . . .
Germany . . . .
Ireland 4 . . . . .
Italy . . . . . . . .
Luxembourg . .
Netherlands . .
Norway. . . . . .
Portugal 4 . . . .
Spain . . . . . . .
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1999
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DEVELOPED
MARKETS
World index 2 . . . .
EAFE index 3 . . . .
Europe index . . . . .
Pacific index . . . . .
Far East index . . . .
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1998
581
403.9
304.2
114.2
890
897
1,124
129
672
818
215.7
208.6
(NA)
1,192
1,023
68.4
162.3
1,196
525.3
313.2
80.7
914
1,782
1,934
431
1,242
1,449
418.6
466.5
319.8
2,187
934
163.2
403.1
22.8
18.2
26.5
1.2
1.2
23.6
25.3
14.1
56.2
61.1
1,446 28.8 20.9
797.2
-7.4 51.8
360.8
3.8 15.2
88.5 -25.2
9.7
818
-0.9 -10.5
1,501 64.8 -15.8
2,144
7.8 10.9
1,081 119.1 150.7
1,590 40.0 28.0
1,720 28.2 18.7
359.9 33.0 -14.0
459.6 51.0
-1.5
481.3 (NA) 50.5
2,302 21.1
5.3
1,210 -31.2 29.5
145.5 25.4 -10.9
417.3 47.9
3.5
Sweden . . . . . . . . . . .
Switzerland . . . . . . . . .
United Kingdom . . . . . .
Hong Kong . . . . . . . . .
Japan . . . . . . . . . . . .
Singapore . . . . . . . . . .
EMERGING MARKETS
EM Far East index . .
India 5 . . . . . . . . . . . .
Indonesia . . . . . . . . . .
Korea, South . . . . . . . .
Malaysia . . . . . . . . . . .
Pakistan 5 . . . . . . . . . .
Philippines . . . . . . . . .
Sri Lanka 5 . . . . . . . . .
Taiwan 6 . . . . . . . . . . .
Thailand . . . . . . . . . . .
EM Latin America . . .
Argentina . . . . . . . . . .
Brazil . . . . . . . . . . . . .
Chile . . . . . . . . . . . . .
Colombia 5 . . . . . . . . .
Mexico . . . . . . . . . . . .
Peru 5 . . . . . . . . . . . .
Venezuela. . . . . . . . . .
Czech Republic . . . . . .
Greece 4. . . . . . . . . . .
Hungary . . . . . . . . . . .
Jordan . . . . . . . . . . . .
Poland . . . . . . . . . . . .
Russia . . . . . . . . . . . .
South Africa . . . . . . . .
Turkey . . . . . . . . . . . .
Percent
change 1
Index
Index and country
1995
1998
1999
1998
1999
1,796
1,569
716
4,818
3,348
2,735
3,056
2,788
1,208
4,259
2,224
1,480
5,432
2,570
1,326
6,595
3,571
2,917
12.6
22.6
14.8
-7.6
4.3
-14.6
77.8
-7.8
9.7
54.9
60.6
97.1
263.7
98.8
508.2
173.8
347.0
91.5
442.5
105.6
227.9
523.3
782
1,239
578
903
110.2
744
221.3
75.4
(NA)
238.2
(NA)
96.1
(NA)
(NA)
(NA)
103.1
128.4
80.4
110.2
83.3
93.1
36.1
229.6
71.7
231.5
86.6
737
1,282
551
534
88.6
846
146.6
103.5
76.3
560.9
291.4
71.7
400.7
64.4
127.8
133.6
212.6
148.4
211.6
158.4
192.9
51.4
247.1
64.7
350.8
121.7
1,192
1,668
952
728
71.6
1,525
170.6
105.3
79.4
827.7
322.9
73.2
523.0
223.0
196.0
460.0
-5.3 61.1
-22.9 84.7
-32.4 92.0
(NA) 90.2
-31.0 107.2
-60.6 42.2
14.9
7.6
-27.3
-9.7
-21.5 51.5
18.7 40.5
-38.2 61.8
-27.3 30.1
-44.1 73.0
-30.7 36.5
-45.3 -19.1
-35.1 80.2
-42.1 16.3
-52.7
1.7
(NA)
4.0
75.0 47.6
(NA) 10.8
-14.3
2.0
(NA) 30.5
(NA) 246.2
(NA) 53.4
-53.5 244.4
NA Not available. 1 Percent change during calendar year (e.g. December 31, 1997, through December 31, 1998). Adjusted
for foreign exchange fluctuations relative to U.S. dollar. 2 Includes South African gold mines quoted in London. 3 Europe,
Australian, Far East Index. Comprises all European and Far East countries listed under developed markets plus Australia,
Malaysia, and New Zealand. 4 January 1, 1988=100. 5 December 1992=100. 6See footnote 2, Table 1352.
Source: Morgan Stanley Capital International, New York, NY, <http://www.msci.com/index2.html> (copyright). This information
may not be reproduced or redisseminated in any form without prior written permission from Morgan Stanley Capital International.
This information is provided on an ‘‘as is’’ basis. Neither Morgan Stanley or any other party makes any representation or warranty
of any kind either express or implied, with respect to this information (or the results to be obtained by the use thereof) and Morgan
Stanley expressly disclaims any and all warranties of originality, accuracy, completeness, merchantability, and fitness for any
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Morgan Stanley or any other part be liable to the user for any direct or indirect damages, including without limitation, any lost profits,
lost savings, or other incidental or consequential damages arising out of use of this information.
No. 1404. Foreign Stock Market Indices: 1980 to 1999
[As of year end. The DAX index is a total return index which includes dividends, whereas the other foreign indices are price indices
which exclude dividends]
Year
1980
1985
1990
1993
1994
1995
1996
1997
1998
1999
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London
FTSE 100
Tokyo
Nikkei 225
Hong Kong
Hang Seng
Germany
DAX-30
Paris
CAC-40
647
1,413
2,144
3,418
3,066
3,689
4,119
5,136
5,883
6,930
7,116
13,113
23,849
17,417
19,723
19,868
19,361
15,259
13,842
18,934
1,477
1,752
3,025
11,888
8,191
10,073
13,452
10,723
9,507
16,962
481
1,366
1,398
2,267
2,107
2,254
2,889
4,250
5,002
6,958
(X)
(X)
1,518
2,268
1,881
1,872
2,316
2,999
3,943
5,958
X Not applicable.
Source: Global Financial Data, Los Angeles, CA, <http://www.globalfindata.com>, unpublished data. (Copyright.)
850
Comparative International Statistics
U.S. Census Bureau, Statistical Abstract of the United States: 2000