Southern Hemisphere Southern Hemisphere are São Paulo, where the Bovespa Index is headquartered, along with Sydney, home to the Australian Securities Exchange, Johannesburg, home to the Johannesburg Stock Exchange and Buenos Aires, headquarters of the Buenos Aires Stock Exchange, the oldest stock market in the Southern Hemisphere. Among the most developed nations in the Southern Hemisphere are Australia, with a nominal GDP per capita of US$51,850 and a Human Development Index of 0.939, the second highest in the world as of 2016. New Zealand is also well developed, with a nominal GDP per capita of US$38,385 and a Human Development Index of
Ancient Olympic Games of the sanctuary at Olympia, and hence the games, for prestige and political advantage. Pausanias later writes that in 668 BC, Pheidon of Argos was commissioned by the town of Pisa to capture the sanctuary from the town of Elis, which he did and then personally controlled the games for that year. The next year, Elis regained control. The Olympic Games were part of the Panhellenic Games, four separate games held at two- or four-year intervals, but arranged so that there was at least one set of games every year. The Olympic Games were more important and more prestigious than