Gold prices jumped to a near seven-year high of US$1,574.96, up US$22.76 or 1.47% while global equities extended losses from Friday. Oil prices rose on fears of supply disruptions. US light crude oil rose US$1.19 to US$64.24 and Brent advanced US$1.51 to US$70.11.
KUALA LUMPUR: Asian markets ended in a sea of red on Monday as fears of escalating Middle east tensions sent the FBM KLCI below 1,600 while crude oil and gold rallied.
At 5pm, the FBM KLCI was down 13.62 points or 0.85% to 1,597.76. Turnover was 3.40 billion shares valued at RM1.63bil. Decliners beat advancers more than two to one or 646 losers to 269 gainers while 343 counters were unchanged.
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