KUALA LUMPUR (June 29): The FBM KLCI extended its losses in early trade Monday and fell 0.63% , tracking the fall at regional markets as sentiment turned tepid as rising coronavirus deaths rattled global markets.

At 9.05am, the FBM KLCI lost 9.30 points to 1,478.84.

The early losers included Heineken Malaysia Bhd, Hap Seng Consolidated Bhd, Carlsberg Brewery Malaysia Bhd, Fraser & Neave Holdings Bhd, Hartalega Holdings Bhd, Mega First Corp Bhd, Allianz Malaysia Bhd, IJM Plantations Bhd and Public Bank Bhd.

Bloomberg said Asian stocks and U.S. equity futures slipped Monday after deaths around the world from the coronavirus topped half a million and infections continued to mount in American states.

Crude oil fell, it said.

Rakuten Trade Sdn Bhd in its daily market report said Wall Street tumbled on fears of another possible lockdown following a spike in Covid-19 cases in the US namely Texas and Florida.

It said that as a result, the Dow Jones Industrial Average lost 730 points to stay just above the 25,000 mark.

“Therefore, we believe regional markets may trend lower today with further weakness on the FBM KLCI as well.

“The local benchmark index which had been on a consolidation mode of late, may break the 1,480 level today thereafter testing the 1,470 mark,” it said.