KLCI breaks below 1,600, markets routed as trade war rages


Bursa Malaysia and key Asian markets fell in early Thursday trade as investor sentiment was dented after the US Federal Reserve cut interest rates by 25 basis points rate and signaled the move might not be the start of a lengthy campaign.

KUALA LUMPUR: The FBM KLCI fell below the critical support level of 1,600 in early trade, tracking the bloodshed on Wall Street overnight.

Global equities have been routed as the the trade war between the US and China intensified, with Washington designating China a currency manipulator.

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