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KLCI sinks below 1,400-level, almost 900 stocks in red

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As fears lingered about contagion from the Silicon Valley Bank's collapse.

At 5pm, the market bellwether tanked 28 points, or 1.97% to 1,393.83, its lowest since mid-October 2022. All indices on Bursa Malaysia were down.

On the broader market, Heineken lost 42 sen to RM28.68, Carlsberg fell 30 sen to RM21.60, Computer Forms declined 25 sen to RM1.15 and Ajinomoto eased 24 sen to RM14.66.

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