KUALA LUMPUR: Technology-related and semiconductor stocks fell early Thursday, tracking the overnight US tech rout and steep falls in key Asian markets.
At 9.08am, the FBM KLCI was down 13.53 points or 0.8% to 1,676.51. Turnover was 182.52 million shares valued at RM101.46. Decliners hammered advancers 445 to 31 and 128 counters were unchanged.
Reuters reported Asian shares tumbled after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%. Japan's Nikkei slumped more than 3% to hit a six-month trough and Australian shares skidded about 2% to a more than one-year low.
At Bursa, MPI fell 76 sen to RM11.72, KESM 46 sen to RM10.52, MI 23 sen to RM2.11, Elsoft 22 sen to RM2.91 and Vitrox 18 sen to RM7.50.
F&N continued to top the losers chart, down 90 sen to RM32.80, Dutch Lady
70 sen to RM63, Heineken and BAT 20 sen lower at RM18 and RM31.10.
Tenaga rose 10 sen to RM14.
The decline in oil prices saw Hibiscus fall four sen to RM1.08 and Sapura Energy one sen to 33.5 sen.
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