FBM KLCI dips below 1,300 points

The local stock market continued to be bogged down by intensifying Covid-19 fears and the exit of foreign investors from the local market.

PETALING JAYA: The benchmark stock index on Bursa Malaysia tumbled below the 1,300-point level for the first time in almost a decade, as dramatic monetary easing by global central banks have failed to ease investors’ worries about the spreading coronavirus (Covid-19) pandemic.

Regional markets were in the sea of red, while stocks in Europe began the week at lows last seen in 2012.