LONDON (Reuters) - 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.
Reporting by Marc Jones; editing by Karin Strohecker
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