KUALA LUMPUR: Key Asian markets and Bursa Malaysia fell early Tuesday as US President Donald Trump escalated his threat against China with fresh tariffs in the on-going trade wars.
At 9.10am, the KLCI was down 6.44 points or 0.37% to 1,736.99. Turnover was 95.08 million shares valued at RM52.68mil. There were 132 gainers, 135 losers and 158 counters unchanged.
Asian stocks extended a global downturn, while the safe-haven yen rose as Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world's two biggest economies that has rattled financial markets, Reuters reported.
Trump warned on Monday that Washington would impose a 10% tariff on US$200bil of Chinese goods after Beijing's decision to raise tariffs on US$50bil in US goods.
At Bursa, Nestle fell 90 sen to RM146.10, BAT 44 sen lower at RM35.32 while F&N fell 14 sen to RM37.38. However, Heineken rose 36 sen to RM21.88 and Carlsberg 20 sen higher at RM20.
Public Bank fell 18 sen to RM23.82 and HLFG, also down 18 sen to RM18.64.
PPB Group lost 24 sen to RM19.34, Petronas Dagangan 22 sen lower at RM24.78, Kossan 15 sen to RM8 and MISC nine sen to RM5.94.
However, MAHB gained 18 sen to RM8.98 while Scientex and Yinson
climbed eight sen each to RM6.79 and RM4.70 and Petronas Chemicals added six sen to RM8.44.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
