Cover story: on the defensive

Cover story: on the defensive. [Newspaper] (2019)


LAST week, the global equity rout picked up from where it left off in 2018 amid renewed concerns about slowing world economic growth and the repercussions of the ongoing US-China trade war.

With most of the uncertainties faced in 2018 still unresolved, whether it was the trade tensions, global economic growth, the hiking of interest rates by the US Federal Reserve or Brexit, investor reaction has been to opt for less risky assets. Malaysian stocks were not spared the selldown as the FBM KLCI saw its worst first trading day of the year since 2016, tumbling 1.33% to close at 1,668.11 points last Wednesday. In the last decade, 2012 and 2016 were the only times the benchmark index fell more than 1% on the first trading day of the year.

Item Type: Newspaper
Keywords: Business strategy, Dividend yield, Investment, Stock Market
Taxonomy: By Subject > Business & Management > Economics
By Subject > Business & Management > Finance
Local Content Hub: Subjects > Business & Management
Depositing User: Normah Sadaiee
Date Deposited: 28 Jun 2021 23:59
Last Modified: 29 Jun 2021 02:53
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