BURSA Malaysia extended its decline to close sharply lower today, with the benchmark index falling by 4.01%, dragged by weaker regional markets performance amid growing concerns over a potential global trade war.
Regionally, Hong Kong’s Hang Seng Index slumped 13.22% to close at 19,828.30, Japan’s Nikkei 225 slipped by 7.83% to 31,136.58, Singapore’s Straits Times Index slid by 7.66% to 3,532.80, and South Korea’s Kospi shrank 5.57% to 2,328.20.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 60.34 points to 1,443.80 from Friday’s close of 1,504.14.
The benchmark index started the trading day 28.83 points lower at 1,475.31 – its highest point of the day and dropped to as low as 1,419.05 during the mid-morning session.
In the broader market, decliners thumped gainers 1,296 to 122, while 170 counters were unchanged, 771 counters untraded, and 19 others suspended. – April 7, 2025
