World’s Longest Bull Market Masks Malaysia Risks
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The world’s longest-running equity rally is losing steam.
Malaysia’s benchmark stock index, one of the first to begin rebounding from the global financial crisis, capped its smallest first-half return since 2008. The FTSE Bursa Malaysia KLCI Index has gained just 0.8 percent this year, after rising 127 percent from its October 2008 low in the longest bull market among nations in the MSCI All-Country World Index.