Meanings of hit multi in English

Value stocks started to underperform growth stocks dramatically in August and their relative performance hit multi-year lows on Monday.

Oil majors Chevron Corp and Exxon Mobil Corp, fell more than 7%, each to hit multi-year lows.

And prices of thermal coal and liquefied natural gas (LNG), mostly used in power generation, have hit multi-year lows.

Criticism of such deals could intensify if Japanese stocks, which hit multi-year highs last month, continue their correction amid the global equities sell-off.

For example, global M&A on a quarterly basis hit multi-year peaks in 2000 and in 2007, preceding sustained stock market declines.

Malaysia, and oil importing nation Indonesia, saw their currencies lose nearly 1% against the dollar, while their respective stock markets also hit multi-year lows.

Merger and acquisition activity on a quarterly basis hit multi-year peaks in 2000 and in 2007, just before significant stock market declines.

Average bids on the top 100 most liquid leveraged loans recently hit multi-year highs of 100.57 according to Thomson Reuters SMi100 index.

Meanwhile, gold shed 1.7% to $1,471.09 after the dollar hit multi-year highs, making the dollar-denominated metal more expensive for holders of other currencies.

Bets on equities have paid off for many investors in recent weeks with some stock markets hitting multi-year or even record highs.

The currency is being monitored as it hits multi-year lows, trading at 27.300 per euro, down 3.9%, at 1738 GMT.