KUALA LUMPUR: Bursa Malaysia skidded on Monday, with over 1,000 stocks in the red, as escalating Middle East tensions pushed oil prices higher and drove investors into safe havens.
The MSCI gauge of emerging Asian equities fell 1.1%, its worst session in about a month, Reuters reported.
Locally, the FBM KLCI tumbled 16.40 points, or 0.96% to 1,700.21, recovering from its intraday low of 1,684.28.
Market breadth turned sharply negative, with losers outnumbering gainers 1,039 to 290 — more than three decliners for every advancer — as selling pressure weighed on the broader market.
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