Asian markets retreat, KLCI dips in early trade


KUALA LUMPUR: Asian markets retreated in early trade on Tuesday, mirroring the decline on Wall Street after Bank Of America’s first quarter net profit fell 77% while light crude oil was at the record levels of US$117 (RM368) per barrel.

At 10am, the KLCI was down 2.52 points to 1,277.48. Turnover was 94.45 million shares valued at RM104.96mil. There were 96 gainers, 219 losers while 153 counters were unchanged.

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