KUALA LUMPUR: Over 1,200 tickers on the Bursa Malaysia scoreboard flashed crimson as investors fled equities amid the rising threat of global tariffs.
As the early session ended for the lunch break, the FBM KLCI had plunged over 4.3% or 65 points to 1,439.07, en route to its worst one-day drop since the unwinding of the yen carry-trade in August 2024, and before that, the start of the Covid crisis in March 2020.
The frenetic selling activity brought up market volume to 3.15 billion shares, transacted for a total value of RM2.54bil. The number of declining market issuers to advancers was 1,274 to 88, for a lopsided ratio of 14.5-to-1.
While sectors across the market were hammered, leading laggards included financial services, plantations and utilities.
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