KUALA LUMPUR: Blue chips extended their losses in early Thursday trade, tracking the weaker key Asian markets and the overnight fall on Wall Street.
At 9.24am, the KLCI was down 3.82 points or 0.24% to 1, 574.50. Turnover was 607.36 million shares valued at RM270.95mil. The broader market was weaker with 325 losers to 179 gainers and 359 counters unchanged.
Bloomberg reported Asian stocks opened lower and US futures extended losses Thursday after Federal Reserve officials sped up their expected pace of policy tightening.
Shares fell in Japan, Australia and South Korea. S&P 500 futures slipped after the benchmark closed down, but off its lows after Fed Chair Jerome Powell downplayed the risk of an immediate rate increase.
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