Bursa, key Asian markets skid on Fed’s hawkish comments


KUALA LUMPUR: Bursa Malaysia followed key Asian markets lower in early Monday trade as investors worried about the US Federal Reserve’s hawkish comments.

At 9.55am, the FBM KLCI had fallen 18.85 points or 1.19% to 1, 570.20. Turnover was 1.57 billion shares valued at RM671.25mil. The broader market was weak with 659 losers to 161 gainers and 325 counters unchanged.

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