Investors burnt in the 2018 stock market rout will be happy to put the Year of the Dog behind them. Instead, the end of the Chinese Lunar New Year holiday will usher in the Year of the Pig, a symbol of wealth and prosperity. The first month of the Gregorian calendar may augur well, too. The US$4 trillion MSCI world stocks index just enjoyed the best start to a year since the benchmark began in 1988. The question is: Can the Pig help global equities sustain this stellar run?
PETALING JAYA: The Year of the Dog ended negatively for Malaysian equities, with the benchmark FBM KLCI closing the year on a flattish note..
In the last 12-month period since the 2018 Lunar New Year, the benchmark FBM KLCI has fallen 9.35%, short of entering market correction territory.
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