Coronavirus fears hit Bursa Malaysia

UOB Research senior economist Julia Goh(pic) told StarBiz that further sell offs may be more muted in the local market compared with other regional markets, given that foreign holdings of Malaysia’s stocks and bonds are already relatively low.

PETALING JAYA: Malaysia’s first trading day in the Year of the Rat saw the local market taking a hit, in line with a global selloff, as investors scurried away over fears of the economic impact from the coronavirus outbreak.

Stocks on Bursa Malaysia tumbled across the board, with decliners outnumbering winners by four-to-one.