Malaysian stocks tumble as debt looms

Market plunges: Investors monitor share price movement at a private gallery in Kuala Lumpur. The FBM KLCI plunged 40.78 points or 2.21 to 1,804.25, making it the worst-performing index in the region.

PETALING JAYA: The local stock market yesterday saw the biggest single-day decline this year as uncertainties over the government debt loom, exacerbated by weakness in the regional market.

However, market observers reckoned that the recent weakness has opened up buying opportunities for investors.