The value of ASX-listed stocks, as measured by the All Ordinaries Index, fell 2.2% in October 2016. This performance was in contrast to some major markets, including Japan up 5.9%, Germany up 1.5% and the UK up 0.8%. Declines were also observed in Singapore down 1.9%, the US down 1.9% and Hong Kong down 1.6%.
Volatility measures for the Australian equity market decreased during October:
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.5% in October, down on the previous month (0.6%).
• Expected future volatility (as measured by the S&P/ASX 200 VIX) fell in October to an average of 14.1 (compared to 14.4 in September).