KUALA LUMPUR: Bursa Malaysia ended the week down today following yesterday’s extended losses. The drop was in line with weaker regional market sentiment driven by growing concerns over the bearish economic outlook, according to dealers.
“In addition, the Hong Kong market was closed due to a storm warning. Meanwhile, tech stocks in the region continued to tumble due to deepening US-China tensions,” he told Bernama. “Wall Street’s benchmark S&P 500 fell 3%, and the technology-focused Nasdaq Composite declined 9%, extending losses from the previous trading session.
Turnover decreased to 2.55 billion units worth RM1.85 billion against yesterday’s 3.21 billion units worth RM2.02 billion. On the index board, the FBM Emas Index eased 47.88 points to 10,726.92, the FBMT100 Index fell 45.92 points to 10,401.98, the FBM Emas Shariah Index trimmed 62.54 points to 10,887.50, and the FBM 70 Index dropped 101.97 points to 14,135.72, but the FBM ACE Index gained 0.26 of a point to 5,188.83.
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