Asian markets succumb to banking crisis jitters FMTNews FMTBusiness
KUALA LUMPUR: Fears of a widening of the US and European banking crises put pressure on Asian markets, including Bursa Malaysia, today, leaving most of them to end the week lower.
Decliners outnumber gainers 496 to 399 on the broader market. A total of 440 counters were unchanged, 998 were not traded and 11 others were suspended. Regionally, Singapore’s Straits Times Index slid 0.2% to 3,212.64, Hong Kong’s Hang Seng Index decreased 0.67% to 19,915.68, Japan’s Nikkei 225 eased 0.13% to 27,385.25 and China’s SSE Composite Index slipped 0.64% to 3,265.65.
On the index board, the FBM Emas Index lost 78.87 points to 10,258.18, the FBMT 100 Index decreased 77.34 points to 9,951.83 and the FBM 70 Index declined 91.46 points to 13,297.72. The Main Market volume dwindled to 1.89 billion shares worth RM1.64 billion against 2.28 billion shares worth RM1.76 billion yesterday.
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