KUALA LUMPUR: Asian markets skidded in the morning session Thursday, with China’s markets down nearly 3.4% on fears of slowing global growth while the KLCI fell to a near three-month low as investors’ sentiment was rattled by political uncertainties.
At 12.30pm, the KLCI was down 21.11 points or 1.74% to 1,191.48, extending its losses from the 15.2 points decline Wednesday. The FBM Emas lost 148.15 points to 7,941.42
while the FBM Second Board dropped 108.36 points to 5,487.77.
Turnover was 238.25 million shares valued at RM545mil. Declining counters thrashed advancers 557 to 52 while 149 counters were unchanged.
The ringgit was quoted at RM3.26 to the US dollar. Light crude oil was trading at US$136.07 (RM443.59) per barrel while crude palm oil futures fell RM57 to RM3,583 per tonne.
All major Asian markets fell, with Shanghai’s A Share Index falling 3.38% or 104.15 points to 2,981.28, Hong Kong’s Hang Seng Index 1.85% lower at 22,893.11, Japan’s Nikkei 225 lost 2.49% to 14,093.65 and Singapore’s Straits Times Index down 1.62% to 2,990.8.
Analysts said market sentiment was affected by the sharp fall on Asian markets, worries about slowing economic growth amid rising inflationary pressure.
At 12.30pm, the KLCI was down 21.11 points or 1.74% to 1,191.48, extending its losses from the 15.2 points decline Wednesday. The FBM Emas lost 148.15 points to 7,941.42
while the FBM Second Board dropped 108.36 points to 5,487.77.Turnover was 238.25 million shares valued at RM545mil. Declining counters thrashed advancers 557 to 52 while 149 counters were unchanged.
The ringgit was quoted at RM3.26 to the US dollar. Light crude oil was trading at US$136.07 (RM443.59) per barrel while crude palm oil futures fell RM57 to RM3,583 per tonne.
All major Asian markets fell, with Shanghai’s A Share Index falling 3.38% or 104.15 points to 2,981.28, Hong Kong’s Hang Seng Index 1.85% lower at 22,893.11, Japan’s Nikkei 225 lost 2.49% to 14,093.65 and Singapore’s Straits Times Index down 1.62% to 2,990.8.
Analysts said market sentiment was affected by the sharp fall on Asian markets, worries about slowing economic growth amid rising inflationary pressure.
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