Meltdown continues on the domestic market

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Meltdown continues on the domestic market
Sverige Senaste nytt,Sverige Rubriker

At 9.03am, the FBM KLCI had slumped 68.29 points to 1,212.34, its lowest in over 10 years.

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Market breadth was once again overwhelmingly negative with 573 decliners, 23 gainers and 79 counters unchanged.

While the Fed had slashed interest rates to nearly zero to combat the Covid-19 crisis, investors wondered about the efficacy of the move and whether the central bank had spent all their ammunition. On Tuesday however, Japan's Nikkei managed to hold firm with just 0.1% lost off the index. Australia's ASX200, which led declines in the region in the previous session, managed to rebound 2.6%.

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Sverige Senaste nytt, Sverige Rubriker



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