IN early February 2018, investors around the world were thrown into a frenzy when global share markets tumbled overnight. The Dow Jones Industrial Average fell 8.2% over six trading days.
It dropped another 650 points on Feb 8, 2018, before closing 10.4% lower. The day after the US stock market fell by its largest amount in six years, Japan’s Nikkei index was down by 6.5% and Hong Kong’s Hang Seng was down more than 6%. At home, the FBM KLCI was not spared either, falling as much as 57.22 points, or 3.1%, wiping off a total of RM43bil in market capitalisation in just a day.
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