US-China tensions weigh on markets, KLCI extends losses

KUALA LUMPUR: Rising US-China tensions sent key Asian markets into the red on Friday while at Bursa Malaysia, the FBM KLCI fell more than 1%, weighed down losses in glove makers, Petronas stocks and banks.

At 5pm, the KLCI was down 16.81 points or 1.05% to 1,589.61. Turnover was 9.88 billion shares valued at RM5.18bil. The broader market was weaker as decliners beat advancers 719 to 383 while 371 counters were unchanged.