KUALA LUMPUR: Most chip makers and tech related stocks were in the red early Wednesday on mild profit taking after the mixed overnight close on Wall Street.
At 9.09am, the FBM KLCI was down 1.04 points or 0.06% to 1,622.92. Turnover was 1.70 billion shares valued at RM278.84mil. There were 300 gainers, 233 losers and 350 counters unchanged.
Asian stocks edged lower at the open as investors weigh the strength of the economic recovery in anticipation of the Federal Reserve’s policy statement, Bloomberg reported.
Benchmark Treasury yields hovered near their highest levels in over a year. Equity benchmarks headed lower in Japan, Australia and South Korea. U.S. equity futures fluctuated.
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