Stock Market Indices converted to US $, Index (1990)=100
Here the development of four big stock market indices since 1990 is plotted. These are: Euro Stoxx (Europe), Hang Seng (China), S&P 500 (USA), Nikkei (Japan). All indices have been converted to US Dollar to allow comparability. Subsequently the index of the year 1990 was set to 100.
One can see large differences: The Nikkei in Japan didn't grow since 1990. It fell with two lows, one in 2003 and one in 2009. Nowadays it is close to it is coming closer to its peak again.
From 1990 to 2008 the S&P 500, Euro Stoxx 50 and Hang Seng showed relatively similar growth rate. During the mid 1990s the Hang Seng showed a peak that didn't evolve in the other indices, the volatility of the Hang Seng was higher.
One can see the two big stock market crahes after the year 2000 and the year 2008. Since 2009 the Hang Seng and S&P 500 have grown much more than the Euro Stoxx. It shows that several regions of Europe face economic problems that persisted during the past years. Since 2015 thr S&P 500 keeps on climing higher while the Hang Seng has seen some correction.