Broad selling across Asian, European markets, KLCI dn 17 points

KUALA LUMPUR: Asian and Europeans equities markets fell on Monday as investment sentiment was impacted by higher US bond yields and worries the US Federal Reserve could hike interest rates.

At 5pm, the FBM KLCI was down 17.41 points or 0.93% to 1,853.07 but off the early low of 1,845. Turnover was 2.66 billion shares valued at RM2.84bil. Decliners beat advancers more than five to one or 966 losers to 167 gainers and 290 stocks unchanged. 

Foreign funds were net sellers at RM261.98mil while local institutions were net buyers at RM215.10mil and retail investors at RM46.88mil.

 

Futures on the Dow Jones Industrial Average sank as much as 1.1% on Monday, after signs of wage inflation and surging bond yields sent major US benchmarks to their worst week in two years, Bloomberg reported.