PETALING JAYA: The local stock exchange was battered, along with global stock markets, following an overnight plunge on Wall Street.
Bursa Malaysia’s benchmark FBM KLCI closed 74.68 points or 5.26% lower at 1,344.75, representing the stock exchange’s biggest decline in over a decade, since the subprime mortgage crisis of 2008. It was only during the Asian financial crisis more than 20 years ago that swings of such a large magnitude were last seen.
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