Global stocks barometer tumbles Global stock markets headed toward the worst week in more than six months as investors spooked by rising interest rates sold equities Sep 26: U.S. Federal Reserve Chairman Jerome Powell (above) raises benchmark interest rate to range of 2-2.25% – bank’s third increase in 2018 Oct 11: $489.40 President Donald Trump blames “out of control” Federal Reserve for downturn MSCI All Country World Index (US$) MSCI ACWI: Stocks from 23 developed and 24 emerging markets – U.S. holds 52% of total market capitalisation 515.17 527.86 525.28 523.46 511.54 500 450 12 13 14 17 18 19 20 21 24 25 26 27 28 1 2 3 4 5 8 9 10 11 SEPTEMBER OCTOBER Sources: Morgan Stanley Capital International © GRAPHIC NEWS