Sunday, July 21, 2024

Asia is the locomotive of the world, but where is it produced the cheapest?


Asia continues to be the part of the world where the world's major commodities are produced. There is no other continent that can displace it. Here is the data:

Countries with the cheapest production costs in 2022:

1. India
2. China
3. Vietnam
4. Thailand
5. Philippines

The Chinese yuan overtook the Australian, Canadian and Swiss currencies to become the 5th largest in the world in terms of trading volume.

Performance of world indices (YTD*):

S&P-500: -18.4%
NASDAQ: -29.6%

Shanghai Comp.: -20.1%
Nikkei: -6.9%
Nifty 50**: +2.3%
KASE***: -15.1%
XU100****: +107.2%

DAX: -17.0%
FTSE-100: -5.2%
CAC-40: -12.9%
MOEX: -43.5%

* YTD - Year-To-Date - from the beginning of the year
** Indian index
*** Kazakhstan index
**** Turkish index

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