KLCI sinks below 1,400-level, almost 900 stocks in red

KUALA LUMPUR: The FBM KLCI tumbled 1.97% to below the 1,400-point mark, the lowest level since October 2022, as fears lingered about contagion from the Silicon Valley Bank's (SVB) collapse.

At 5pm, the market bellwether tanked 28 points, or 1.97% to 1,393.83, its lowest since mid-October 2022. All indices on Bursa Malaysia were down.