February 10, 2016

World stocks enters technical 'bear market', down 20 percent from 2015 peak

MSCI's benchmark global stock index, which covers 46 countries, entered a technical 'bear market' on Wednesday, as its fall since an all-time peak back in April 2015 reached 20 percent.

The All-Country World Index as it is formally known has dropped more than 12 percent since the start of the 2016 alone, driven by fears about a slump in oil markets and a slowdown in economic growth in countries such as China.

Analysts traditional term a 20 percent drop in assets like equities a 'bear market' reflecting a view that the dominate trend in the market is downwards, rather than simply a correction during a longer-term upward move.

No comments:

Post a Comment

Share this...