KUALA LUMPUR: Bursa Malaysia joined key Asian markets to start Monday on a cautious note on concerns about US bond yields, inflation and the resurgence in Covid-19 cases.
At 9.37am, the FBM KLCI was down 2.36 points or 0.15% to 1,623.83. Turnover was 1.74 billion shares valued at RM717.29bil. There were 329 gainers, 400 losers and 403 counters unchanged.
Asian stocks started the week mostly lower with investors fretting over bond yields and inflation as economic activity picks up. Turkey’s lira tumbled after the central-bank head was replaced, Bloomberg reported.
US equity futures fluctuated. MSCI Inc.’s Asia Pacific gauge slipped as shares in Japan and South Korea declined, while Australia’s index climbed.
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