Geopolitics, global recession risk weigh on Bursa


KUALA LUMPUR: The FBM KLCI slipped below the 1,500-point psychological level as geopolitical tensions and global recession risks accelerated the profit-taking activity on the market.

At 12.30pm, the key index was down 5.46 points to 1,496.61 after descending rapidly in the last 90 minutes of the early trading session.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Axis-REIT acquires two properties from CCB for RM125mil
Samaiden's 3Q net profit jumps over two-fold
Maybank apps, debit card transactions temporarily unavailable
Malakoff acquires two RE companies for RM27mil
Ringgit ends lower against US dollar
Duopharma's 1Q net profit falls 32.5% to RM15.3mil
Allianz Malaysia 1Q net profit rises to RM189.83mil
DRB-HICOM to continue with strategic plans amid challenging economy
Sime Darby Property to develop data centre, RM2bil lease value for first 20 years
Berjaya Food reports RM30mil losses in 3Q amid Middle East sentiment

Others Also Read