KLCI, ringgit extend decline as Chinese markets tumble

KUALA LUMPUR: The FBM KLCI retraced some of its losses following a sharp retreat in early morning trade as global stocks were rattled by the spread of the Wuhan virus pandemic.

This was in line with Chinese equities, which plunged as the country's markets reopened following the Lunar New Year break as investors priced in the cost of the health crisis to the economy.