KUALA LUMPUR: Malaysia's benchmark FBM KLCI failed to keep a rally going as a sharp slide in China's stock market cast a shadow across regional markets.
At 12.30pm, the key index was down 1.87 points to 1,539.54, defying expectations of a sustained rally amid record-breaking performances on Wall Street.
The broader market was slightly weaker, underpinned by 496 decliners compared to 460 gainers and 463 counters unchanged, while share turnover was 2.6 billion valued at RM1.3bil.
Global stock markets were expected to wrap the week on a high note following the US Federal Reserve's guidance for lower lending rates later this year and a surprise rate cut by the Swiss National Bank, which analysts say was a prelude to global monetary easing.
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