(Bloomberg) — The world’s longest stock-market bull run ended its 12-year reign as political turmoil helped drag Malaysian equities down more than 20% from their peak.The FTSE Bursa Malaysia KLCI Index tumbled 2.7% at the 5 p.m. close in Kuala Lumpur, extending the drop from its April 2018 all-time high to 21%. The benchmark had been in a bull run since 2008, rebounding from the global financial crisis to weather the European sovereign debt crisis, the U.S.-China trade war and Malaysia’s first change of government since independence.The abrupt resignation of Malaysian Prime Minister Mahathir Mohamad coupled with concern over the …read more
Source:: Yahoo Finance
