KUALA LUMPUR: The overnight tumble on Wall Street sent key Asian markets and Bursa into the red early Thursday over the spreading fallout from the Covid-19 coronavirus globally.
At 9.12am, the FBM KLCI was down 14.23 points or 1% to 1,429.60. Turnover was 361.51 million shares valued at RM173.90mil. There were 97 gainers, 432 losers and 120 counters unchanged.
Bloomberg reported a global equity rout deepened in Asia after a renewed sell-off in US equities, with investors concerned by a lack of clarity from the Trump administration on a coronavirus stimulus package.
Shares in Japan sank and Australian equities extended recent losses, getting little respite from that nation’s stimulus package. Treasuries found a renewed bid.
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