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Cover Story: Two years after global equity rout, market faces war threat

The military attack shocked the global markets, including Bursa Malaysia, which was then known as the Kuala Lumpur Stock Exchange KLSE.

The next instance in which the local index saw pressure from geopolitical events was the Sept 11 attacks in 2001 in the US, which sent equity markets around the world into disarray.

Cover Story: Two years after global equity rout, market faces war threat

It fell to a trough on Sept 28, 1990, closing at 459.

Description: Nonetheless, what happens as the Russia-Ukraine conflict progresses is where opinions differ on how markets will react.

Views: 1135 Date: 17.03.2022 Favorited: 185 favorites
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Will the conflict continue to build up and will the FBM KLCI once again prove itself resilient to geopolitical events?
Since the start of the invasion, the US, Canada and countries across Europe have responded with various sanctions on Russia in a bid to financially cripple the nation, but the sanctions have so far failed to deter Russia from launching further attacks on Ukraine.
As the invasion progressed, however, the index started to undergo more selling pressure.

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