KUALA LUMPUR: Malaysia's main stock index dove in the early session while the broader market registered over 900 laggards as investors pulled out of equities out of concern for the health of the global economy.
The FBM KLCI dropped 13.81 points to 1,522.65 with 27 out of the 30 consituent counters sinking into the red.
Turnover on Bursa Malaysia was 2.28 billion shares changing hands for RM1.53bil.
Markets are in sell-mode across Asia as investors dump equities on concern over an escalating trade war. Fears were exacerbated when US President Donald Trump in an interview declined to dismiss the possibility of a US recession owing to the rising costs.
In Japan, the Nikkei dropped 1.31% to 36,535 and Singapore's Straits Times shaved 1.81% to 3,828.
China's composite index fell 0.47% to 3,350 and Hong Kong's Hang Seng dropped 0.92% to 23,562.
On Bursa Malaysia, Nestle was among the hardest-hit, dropping 58 sen to RM69.32.
Tenaga Nasional dropped 16 sen to RM13.38, PETRONAS Dagangan shed 36 sen to RM16.86 and PPB fell 28 sen to RM11.22.
Of actives, MYEG slid 2.5 sen to 88 sen, Nationgate lost two sen to RM1.12 and Sapura Energy
was flat at 3.5 sen.
