Courtesy of Bespoke Blog, we have the latest update of best performing stock markets by country. (in local currency)  Keep in mind the past 6 days have been the best performance for emerging markets since July.  When last we looked, Peru was in the lead...[May 20, 2009: Year to Date Returns by Country - Go Peru!] Russia has taken the crown.

But all the B(razil)R(ussia)I(ndia)C(hina)'s are doing well - gains of 70-126%.  G7 countries obviously lagging.  Average among all 82 indexes is 33.3%.

What would have been excellent is a 3rd column showing 2008 performance because in general the harder you fall, the easier it is to create large % gains the following rally.  Wish I had access to the source data...

[click to enlarge]