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GLOBAL MARKETS-Global benchmark index drop confirms bear market

Published 2016-02-11, 04:27 p/m
© Reuters.  GLOBAL MARKETS-Global benchmark index drop confirms bear market
MIWD00000PUS
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(Updates to close of U.S. markets)
NEW YORK, Feb 11 (Reuters) - Stock indexes worldwide
stumbled on Thursday on fears over the health of the global
economy, with a global equity benchmark index closing the day
more than 20 percent below its record high last May, confirming
global stocks are in a bear market.
MSCI's all-country world equity index .MIWD00000PUS , which
tracks shares in 45 nations, was last down 4.73 points, or 1.32
percent, to 353.35. The index hit its lowest level in more than
two and a half years and was down 20.18 percent from an all-time
high close of 442.70 on May 21, 2015.

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