KUALA LUMPUR: Bursa Malaysia was lacklustre in early Wednesday trade with chip and tech stocks retreating after the overnight decline on Wall Street but glove stocks recovered as Covid-19 infections stayed high.
At 9.17am, the FBM KLCI was down 0.12 point or 0.01% to 1,514.48. Turnover was 391.84 million shares valued at RM182.85mil. There were 216 gainers, 238 losers and 321 counters unchanged.
Bloomberg reported Asian stocks followed Wall Street lower at the open Wednesday as a rout in China spurs caution and US megacap technology earnings receive a mixed response.
Equities slipped modestly in Japan, Australia and South Korea. Futures rose in Hong Kong, but investors remain wary after stocks there plunged on a regulatory crackdown that’s stirring questions about how far Beijing will go to curb big companies.
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