KUALA LUMPUR: Malaysia’s FBM KLCI was battered by relentless foreign selling on Monday, sending the 30-stock index below the psychologically important 1,700 level.
At 4.16pm, the KLCI was down 36.95 points or 2.13% to 1,696.04. Turnover was 1.73 billion shares valued at RM1.75bil. Declining stocks hammered advancers 1,024 to 43 or nearly 24 to one.
Reuters reported Hong Kong shares finished down on Monday despite a late afternoon rally on mainland indexes, as Hong Kong investors sold off China-related financials and real estate names.
Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the International Energy Agency (IEA) cut its outlook and then rose on hopes of improving manufacturing data.
At Bursa Malaysia, KL Kepong fell the most, down 98 sen to RM20.34 and PPB Group 50 sen to RM13.60.