Global stocks slumped to more than two-month lows in early Asian trade, tracking the Wall Street slide as an inverted US bond yield curve sent a flashing warning to investors about rising recession risks, Reuters reported.
KUALA LUMPUR: Key Asian markets including Bursa Malaysia were awash in a sea of red after the overnight tumble on Wall Street on recessionary fears saw investors taking money off the table.
At 9.11am, the FBM KLCI was down 13.93 points or 0.87% to 1, 586.38. Turnover was 126.59 million shares valued at RM126.59mil. Decliners hammered advancers nearly 20 to one or 490 losers to 24 gainers while 113 counters were unchanged.
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