KUALA LUMPUR: Asian markets continued to remain in the red at noon on Wednesday, June 30, following the overnight tumble at Wall Street and European markets yesterday on concerns of a weak global economic outlook, exacerbated by worries of the stability of European banks as well as a slowdown in China's growth.
At 12.30pm, the FBM KLCI was down 4.64 points at 1,315.20, off the low of 1,306.00. Losers led gainers by 333 to 146, while 234 counters traded unchanged. Volume was 227.1 million shares valued at RM378.12 million.
Asian stocks slid and the euro struggled near a two-week low'' as investors unwound risky positions before the quarter-end amid heightened concerns over banks' funding conditions in Europe, according to Reuters.
Asian stocks, which have slipped nearly 10% in the past three months, are on course for their worst quarterly performance since the end of 2008, when global investors fled to safety after the collapse of Lehman Brothers, it said.
Nikkei 225 -1.87% 9,391.35 Hang Seng Index -0.56% 20,134.75 Shanghai Composite Index -0.97% 2,403.48 Singapore's Straits Times Index -0.62% 2,812.86 At Bursa Malaysia, among the major losers were PPB, down 26 sen to RM15.94, Tanjong 20 sen to RM17.60, MISC seven sen to RM8.55, IOI Corp five sen to RM5.02 and Genting four sen to RM7.09.
Petronas Dagangan lost 11 sen to RM9.49, Sime Darby, Hong Leong Bank and YTL Power shed two sen each to RM8, RM8.61 and RM2.21, respectively, while RHB Capital and Maybank slipped one sen each to RM5.85 and RM7.58.
Other losers included Lafarge, Bursa, Shell and Genting PLANTATION []s.
Malaysian Mosaics was the top gainer and it added 24 sen to RM1.80; Kwantas rose 20 sen to RM1.80, United Malacca and C.I. Holdings up 17 sen each to RM9.05 and RM2.76, while Amway added 12 sen to RM7.96.
Actives included Green Packet's warrants, Kumpulan Europlus, Time, Saag, Maybank and CIMB.
At 12.30pm, the FBM KLCI was down 4.64 points at 1,315.20, off the low of 1,306.00. Losers led gainers by 333 to 146, while 234 counters traded unchanged. Volume was 227.1 million shares valued at RM378.12 million.
Asian stocks slid and the euro struggled near a two-week low'' as investors unwound risky positions before the quarter-end amid heightened concerns over banks' funding conditions in Europe, according to Reuters.
Asian stocks, which have slipped nearly 10% in the past three months, are on course for their worst quarterly performance since the end of 2008, when global investors fled to safety after the collapse of Lehman Brothers, it said.
Nikkei 225 -1.87% 9,391.35 Hang Seng Index -0.56% 20,134.75 Shanghai Composite Index -0.97% 2,403.48 Singapore's Straits Times Index -0.62% 2,812.86 At Bursa Malaysia, among the major losers were PPB, down 26 sen to RM15.94, Tanjong 20 sen to RM17.60, MISC seven sen to RM8.55, IOI Corp five sen to RM5.02 and Genting four sen to RM7.09.
Petronas Dagangan lost 11 sen to RM9.49, Sime Darby, Hong Leong Bank and YTL Power shed two sen each to RM8, RM8.61 and RM2.21, respectively, while RHB Capital and Maybank slipped one sen each to RM5.85 and RM7.58.
Other losers included Lafarge, Bursa, Shell and Genting PLANTATION []s.
Malaysian Mosaics was the top gainer and it added 24 sen to RM1.80; Kwantas rose 20 sen to RM1.80, United Malacca and C.I. Holdings up 17 sen each to RM9.05 and RM2.76, while Amway added 12 sen to RM7.96.
Actives included Green Packet's warrants, Kumpulan Europlus, Time, Saag, Maybank and CIMB.
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