Tech stocks tumble on Bursa Malaysia


  • Markets Premium
  • Thursday, 25 Oct 2018

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.

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