KUALA LUMPUR: The FBM KLCI slipped below the 1,500-point psychological level as geopolitical tensions and global recession risks accelerated the profit-taking activity on the market.
At 12.30pm, the key index was down 5.46 points to 1,496.61 after descending rapidly in the last 90 minutes of the early trading session.
There was a broad-based decline of stocks with 589 decliners and 205 gainers. Trading volume was 1.68 billion shares exchanging hands for RM781.68mil.
On Tuesday, Asian markets, especially China markets, have been on the retreat as US House Speaker Nancy Pelosi is scheduled to visit Taiwan later today, despite warnings from Beijing.
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