The best performing market index in the first six months of 2008 was the IGBVL index of Lima Stock Exchange in Peru. This index grew by 85.3% in local currency. The second and third posts went to Shenzen and Shanghai stock exchanges in China which had growth of 73.9% and 62.5% respectively.
The worst performing stock markets were the indices of Bermuda, Iceland and Malta.
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Source: Market highlights for first half-year 2009, World Federation of Exchanges
This year it appears that emerging markets may handily beat the developed markets. Most of the best performing indices in the first half are from the developing world.
