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BANGKOK: Thai stocks fell for a second straight session on Monday as foreign investors shed exposure to risky assets after violence over the weekend hit sentiment, while other South-East Asian markets closed mixed amid concerns about a slowdown in the Chinese economy. Shares in Singapore and Malaysia closed 0.6%and 0.3% lower respectively with Kuala Lumpur witnessing a foreign outflow of US$88.08mil as expectation of a sluggish growth in China dented investor appetite for risky assets.
PETALING JAYA: Some Petroliam Nasional Bhd (Petronas)-linked stocks took a beating, as uncertainties over the eurozone crisis and declining oil prices prompted jittery investors to take profit and unwind some of their positions in markets across Asia.
THE KL Composite Index (KLCI) fell 8.7 points, or 0.94%, to 867 yesterday, its lowest level in five months, on extended selling pressure as jittery investors cut their positions amid growing concerns that foreign funds would continue to flow out of the market.