- The world’s longest-running bull market officially ended Monday. Malaysia’s stock market benchmark is more than % off its highs .
- The FTSE Bursa Malaysia KLCI Index went (years without a) % pullback from any peak. But that ended today.
- The milestone is an omen for the U.S. stock market.
Malaysia’s stock market enjoyed the world’s longest bull run for years running.
The FTSE Bursa Malaysia KLCI Index’s 2. % decline unraveled the record streak. It’s a bad omen for the rest of the world’s stock markets, and U.S. Investors shouldn’t ignore it.
Stock Market Bull Run Ends In Malaysia
The FBM KLCI is a market capitalization-weighted stock market index composed of the country 69 largest companies. It’s a bit like the S&P of Malaysia.
Its winning streak started in as the Southeast Asian nation’s economy emerged from the global recession.
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