Asia disappoints as index treads water
- From: Vol 12, Issue 10 (October 2011)
- Category: GWI Water Index
- Country:
- Related Companies: Acea, American Water, Aqua America, Asia Water Technology, Beijing Enterprises Water Group, China Everbright, China Water Affairs Group, Consolidated Water, Energy Recovery Inc, GLV, Gruppo IREN, Heilongjiang Interchina, JAKS Resources Bhd, Kurita Water Industries, Mueller Water Products, Nalco, Pall Corp, Pentair, Qianjiang Water Resources, Sabesp, Severn Trent Services, Sound Global, Suez Environment , United Utilities and Veolia
Asian stocks were the biggest fallers in the GWI Global Water Index this month, as export fears began to hit home. The debut of Xylem provided a bright spot, with more water pure-plays expected to float in the New Year.
Growing fears over the impact a slowing global economy could have on Asian exports combined with concerns over Europe’s debt crisis to send the Asian segment of the GWI Global Water Index plummeting by 9.4% this month.
Even a strong performance by Japan’s Kurita Water – one of the largest stocks in the index by market capitalisation – couldn ...
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