Gloves, tech stocks retreat, broader market cautious

TheStar Thu, Mar 04, 2021 09:22am - 3 years View Original


KUALA LUMPUR: Glove makers and chip and tech related counters fell in early Thursday trade while the broader market turned cautious after the overnight fall on Wall Street.

At 9.12am, the FBM KLCI was down 8.18 points or 0.51% to 1,580.27. Turnover was 660.56 million shares valued at RM371.91mil. There were 419 losers to 199 gainers and 328 counters unchanged.

Bloomberg reported Asian stocks fell with US futures after an overnight surge in bond yields once more dragged down shares on Wall Street.

Stocks dropped in Japan, South Korea and Australia, while S&P 500 futures saw modest declines.

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