FBM KLCI pares losses but still in red

KUALA LUMPUR: Share prices on Bursa Malaysia closed lower on Monday as worries grow that the Fed’s interest rate increases will slow the economy.

At closing, the FBM KLCI ended 6.59 points, or 0.43% at 1,542.53. It dipped to an intraday low of 1,540.09 and hit an intraday high of 1,556.43.