PETALING JAYA: Malaysian stocks tumbled yesterday as the reality of the record high crude oil price began to bite and the Government took drastic measures to reduce subsidies.
The KL Composite Index (KLCI) plunged as much as 39 points to an intra-day low of 1,214 yesterday before clawing back to close at 1,223.56, down 29.56 points, or 2.4%.
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