KUALA LUMPUR: Hong Leong Bank advanced in early Friday trade and underpinned the FBM KLCI’s slight gains but the overall breadth of the market was somewhat cautious, tracking the key Asian markets.
At 9.07am, the KLCI was up 1.52 points or 0.1% to 1,582.78. Turnover was 560.24 million shares valued at RM258.10mil. Decliners beat advancers two to one or 377 losers to 191 gainers while 278 counters were unchanged.
Tech stocks retreated after the overnight fall of the tech-heavy Nasdaq.
Reuters reported Asian stocks skidded as rising US Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.
...