Sadly say goodbye to the second quarter of the global market can still be a repeat of Lehman nightmare.

<P> Wednesday was the last day of June, is also the last trading day of the second quarter. .This past quarter, global financial markets since Lehman has experienced the most intense fluctuations. .The end of the transaction in the first Asia-Pacific market, a regional index for the second quarter cumulative decline of nearly 10% to the Lehman bankruptcy drop a single quarter since the most. .Commodity markets also suffered from the fourth quarter of 2008, the worst quarterly performance since. .</ P> <P> from a single market, the entire first half, the Greek stock market decline of more than 30% of the highest decline in top of the table, the Chinese mainland stock market to decline 26%, followed by the U.S. stock market is not only .to 4% fall outside the top ten ranked decline. .</ P> <P> reproduce the stock market, "Lehman Quotes" </ P> <P> by the European debt crisis and the global economic slowdown worries dragged down global stock markets throughout the second half of May and June are big hit .down. .It also makes a second quarter since the end of 2008, the worst performance since Lehman quarter. .</ P> <P> the end of trading on Wednesday, the first Asia-Pacific market, Tokyo late in the Morgan Stanley Capital International (MSCI) Asia Pacific Index fell 0.9%, almost three weeks to record lows. .The second quarter, the index is down 9.8%, as since 2008 the largest decline since the fourth quarter. .</ P> <P> Specifically, the Japanese stock market fell 2% Wednesday, down 15.4% in the second quarter total, fourth quarter of 2008 the worst quarterly performance since. .Stock hit an intraday low of a few months. .South Korean stock market fell 0.55% on Wednesday. .</ P> <P> China, Hong Kong stock market fell 0.6% Wednesday, the Hang Seng Index closed at 20129 points, down 5.2% in the second quarter total. .Chinese Taipei the same day the stock market fell 1.3% in the second quarter fell 7.5% in total. .</ P> <P> European and American stock markets tumbled on Tuesday after another 3-4%, with the U.S. S & P 500 index closing another new low this year, fell to near eight-month low, European stock markets may be hit from the second quarter of 2009 .since the first quarter of the largest single quarter drop; the U.S. stock market is likely to face since the beginning of 2009, the first quarterly decline since the termination of the previous four consecutive quarters of rising momentum. .</ P> <P> so far this year, the world's worst performing major market in the Greek stock market, which by the debt crisis and fiscal austerity are tired, fell about 34%. .The dual pressure of internal and external face of the Chinese mainland stock market unfortunately the list, nearly 26% of the decline came in second place drop list. .Third is much the same debt-crisis of the Spanish stock market decline of nearly 20% during the first half. .In addition, Portugal, France, Britain and other European countries also ranked the stock market decline in the top ten. .Hong Kong, China stock market decline of 5.2% ranked tenth. .</ P> <P> worth mentioning is that the U.S. stock market decline in this round showed a greater resilience. .As of June 29, the Dow and S & P 500 Index, respectively, the cumulative decline of only 2.8% and 3.6%, the Nasdaq fell 2.1%, but also, or even decline in the world did not break into the top ten. .</ P> <P> commodities are also not spared </ P> <P> after the opening bell on Wednesday, European stocks rebound in early trading day, Britain, France and the three major stock markets are in the 0.6% increase from top to bottom. .U.S. stock futures are higher, the S & P 500 Index futures rose 0.6% premarket, Dow futures rose 0.5%. .</ P> <P> Analysts said Wednesday's data showed the euro zone central banks to apply to the financing needs of the three months lower than expected, which makes investors a little bit on the local banking sector liquidity position was soothing. .</ P> <P> decline in the stock market, while the second quarter, commodity prices fell sharply over the past year may be hit the worst quarterly performance. .According to statistics, tracking the S & P GSCI Commodity 24 Total Return Index has been accumulated since the end of March fell 11% industrial metals, gasoline and crude oil leading the decline. .The decrease of the largest since the fourth quarter of 2008. .</ P> <P> Tuesday by the U.S. June consumer confidence fell more than expected against factors such as commodity price index fell 2.9%, marking the largest single-day drop in three weeks. .Bloomberg's latest survey, dozens of economists widely expect the U.S. economic growth will slow in the next two quarters, China's economic growth is also expected to slow down. .This is the consumption of commodities between the two countries are big countries. .</ P> <P> front of the commodity groups in the decline in zinc prices fell 25% in the second quarter, for 2008 the biggest quarterly drop since the fourth quarter, nickel, lead, copper, aluminum 16% decline to 23 .% range. .Crude oil futures fell about 9.5% the second quarter, since the fourth quarter of 2008 first quarterly decline. .</ P> <P> In contrast, gold commodity in the second quarter to become the big winner, the price of gold rose more than 11% in the second quarter, is expected to hit since the fourth quarter of 2007 the largest single-season increase. .Silver also rose 6%. .European debt market crisis and doubts about economic recovery and stimulate the safe-haven assets of gold investment demand. .In addition, the Arabica coffee and natural gas are also doing well in the second quarter were up 20% and 18%. .</ P> <P> is uncommon to see more pessimistic voices </ P> <P> well-known investors last week, Rogers said he is bearish on stocks, see more products. .If the global economy fails to improve, and the stock market compared to products is still a better investment destination. .Goldman Sachs estimated in a recent report, commodity prices will rise over the next 12 months, nearly 22% of the energy, industrial metals and precious metals led the gains. .</ P> <P> Although the second quarter of the same commodities fell, but its performance was better than markets in developed countries to track 24 the performance of MSCI World Index, which reached 13% decline over the same period. .</ P> <P> for the afternoon performance of the stock market, some people began to become more pessimistic, British veteran fund of Aberdeen Asset Management believes that the structural deficit and government debt in Europe and America hamper global economic recovery, global financial markets will face " .a new round of shock. " .Aberdeen Asset Doherty, head of global equities, said this year's stock market returns will be in a "single digit" levels. .</ P> <P> However, there are many people who hold a more optimistic view. .Credit Suisse Asia Pacific and emerging markets strategy director 萨克蒂西瓦 recently in an interview with Shanghai Securities News said, she thought that the current world economy has been successful "soft landing" view of this, she is expected to include emerging markets in Asia, including the future .6 months will be higher, or more than 10%. .</ P> <P> Shiva is the "institutional investors" in 2010 was ranked first in Asia strategist, she was particularly optimistic about South Korea, the Thai stock market as well as H shares, but on the mainland A share held relatively cautious attitude. .</ P>.