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
Southern Hemisphere oceanic heat transfer (OHT) and differing extents of greenhouse trapping. In the Southern Hemisphere the sun passes from east to west through the north, although north of the Tropic of Capricorn the mean sun can be directly overhead or due south at midday. The Sun rotating through the north causes an apparent right-left trajectory through the sky unlike the left-right motion of the Sun when seen from the Northern Hemisphere as it passes through the southern sky. Sun-cast shadows turn anticlockwise throughout the day and sundials have the hours increasing in the anticlockwise direction. During solar eclipses viewed from a