PETALING JAYA: Bursa Malaysia’s FBM KLCI, along with other regional markets, slumped to its biggest single-day drop since March 2008 on fears of an escalating trade war after China announced retaliatory tariffs on the United States products over the weekend.
Analysts and fund managers concurred that investors are adopting a risk-off approach for the time being, but pockets of newsflow from yesterday have revealed that countries such as Taiwan and Vietnam are eyeing zero-tariff deals with the United States.
