KUALA LUMPUR: Key regional indices tumbled on Monday, June 7 following last Friday's dismal US jobs data further spooked investors already worried about a potential debt crisis in Hungary and sent Wall Street to its lowest close since February.
On Wall Street, stocks fell after the US economy added fewer-than-expected jobs in May. Another developing debt crisis, this time in Hungary, also weighed on the markets, according to Reuters.
Last Friday, the Dow Jones industrial average fell 323.31 points, or 3.15%, to 9,931.97. The broader Standard & Poor's 500 Index lost 37.95 points, or 3.44%, to 1,064.88. The Nasdaq Composite Index tumbled 83.86 points, or 3.64%, to 2,219.17.
At mid-morning Monday, Japan's Nikkei 22 was the worst hit and fell 4.01% to 9,504.24, while Hong Kong's Hang Seng Index fell 2.9% to 19,211.67 when it opened for trade.
Taiwan's TAIEX Index slumped 3.35% to 7,098.64, Australia's S&P/ASX 200 Index fell 3.26% to 4,304.20, South Korea's Kospi Index down 2.67% to 1,619.69, Singapore's Straits Times Index lost 2.18% to 2,745.35 while the Shanghai Composite Index declined 1.61% to 2,512.83.
At Bursa Malaysia, the FBM KLCI fell 14.42 points to 1,279.97 at 10am, dragged by key blue chips including CIMB, Genting and Tanjong.
Losers thumped gainers by 333 to 42, while 87 counters traded unchanged. Volume was 123.23 million shares valued at RM134.59 million.
Among the major losers, CIMB fell 12 sen to RM6.80, Genting down 17 sen to RM6.79, Tanjong fell 16 sen to RM17.12 while PPB lost 14 sen to RM15.66.
Meanwhile, Hong Leong Industries fell 67 sen to RM3.83, BAT down 36 sen to RM43.90, MAHB 20 sen to RM4.78, Proton lost 19 sen to RM4.54 while Supermax declined 17 sen to RM6.42.
Among the gainers, KFCH and EON Capital added 10 sen each to RM8.47 and RM7.20. Other gainers included PJ Development, Paos, Encorp and AZRB.
Kenmark was the most actively traded stock with 29.4 million shares done. The stock added three sen to 29 sen.
Other actives included CIMB, Talam, Kumpulan Europlus, Transmile, KNM and Scomi.
On Wall Street, stocks fell after the US economy added fewer-than-expected jobs in May. Another developing debt crisis, this time in Hungary, also weighed on the markets, according to Reuters.
Last Friday, the Dow Jones industrial average fell 323.31 points, or 3.15%, to 9,931.97. The broader Standard & Poor's 500 Index lost 37.95 points, or 3.44%, to 1,064.88. The Nasdaq Composite Index tumbled 83.86 points, or 3.64%, to 2,219.17.
At mid-morning Monday, Japan's Nikkei 22 was the worst hit and fell 4.01% to 9,504.24, while Hong Kong's Hang Seng Index fell 2.9% to 19,211.67 when it opened for trade.
Taiwan's TAIEX Index slumped 3.35% to 7,098.64, Australia's S&P/ASX 200 Index fell 3.26% to 4,304.20, South Korea's Kospi Index down 2.67% to 1,619.69, Singapore's Straits Times Index lost 2.18% to 2,745.35 while the Shanghai Composite Index declined 1.61% to 2,512.83.
At Bursa Malaysia, the FBM KLCI fell 14.42 points to 1,279.97 at 10am, dragged by key blue chips including CIMB, Genting and Tanjong.
Losers thumped gainers by 333 to 42, while 87 counters traded unchanged. Volume was 123.23 million shares valued at RM134.59 million.
Among the major losers, CIMB fell 12 sen to RM6.80, Genting down 17 sen to RM6.79, Tanjong fell 16 sen to RM17.12 while PPB lost 14 sen to RM15.66.
Meanwhile, Hong Leong Industries fell 67 sen to RM3.83, BAT down 36 sen to RM43.90, MAHB 20 sen to RM4.78, Proton lost 19 sen to RM4.54 while Supermax declined 17 sen to RM6.42.
Among the gainers, KFCH and EON Capital added 10 sen each to RM8.47 and RM7.20. Other gainers included PJ Development, Paos, Encorp and AZRB.
Kenmark was the most actively traded stock with 29.4 million shares done. The stock added three sen to 29 sen.
Other actives included CIMB, Talam, Kumpulan Europlus, Transmile, KNM and Scomi.
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