Tech stocks tumble on Bursa Malaysia


The Philippines, Malaysia and Thailand are all posting their fastest economic growth rates in years, while Singapore is poised to keep up that streak in data released on Thursday. All four economies are projected to slow into the final three months of the year while retaining impressive 2017 growth figures and keeping pace into next year, according to Bloomberg survey data.

PETALING JAYA: Technology stocks on Bursa Malaysia fell after several companies within the wider supply chain that operate overseas indicated some weakness in demand and saw their shares falling.

Tech stocks fell locally and in Europe despite them having staged a strong intraday recovery in Tuesday’s trade on the tech-focused US Nasdaq Composite Index.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Profit-taking drags FBM KLCI lower as sentiment turns cautious
KAF Digital Bank appoints Suzaini Mukhtar as CEO
Nomura sees optimistic outlook for Malaysian equities amid stronger ringgit
Govt expects fiscal deficit to shrink to 3.5% in 2026, says Amir Hamzah
Gold climbs back near US$5,100 as US-Iran tensions flare
MISC to supply liquefied carbon dioxide carrier to Northern Lights CCS project
Dollar steady, yen softer ahead of Japan election
JD to spend over US$180mil on worker bonus
Praveen Rajan assumes CEO role at PayNet
FBM KLCI slips amid broad market sell-down

Others Also Read