KUALA LUMPUR: Most key Asian markets closed weaker on Wednesday, June 30, capping a turbulent first half triggered by the Greek financial crisis, overheating China economy and the latest being concerns about European banks ability to repay half a trillion of euros which are due on Thursday.
Shanghai's Composite Index was the worst performer year-to-date, sliding 26.82% while the Nikkei is down 11.04% year-to-date, Hang Seng Index is off 7.97%, Australia's S&P/ASX 200 Index 11.68% and Singapore's Straits Times Index is down 2.14%.
At Bursa Malaysia, the FBM KLCI is however up 3.24% while Thailand's SET Index has rallied 8.55% despite the earlier political turmoil and Jakarta's Composite Index was the best performer, riging 14.97%.
Wednesday's market sentiment was battered since the start of trade following the weak overnight close on Wall Street and fears that European banks might not be able to repay their half a trillion in euros in 12-month funds on Thursday.
The FBM KLCI ended the day 5.82 points lower at 1,314.02 but off its earlier low of 1,306.'' Turnover was 563 million shares valued at RM987 million. There were 267 gainers, 343 losers and 259 stocks unchanged.
Among the 30-stock FBM KLCI, IOI Corp fell six sen to RM5.01, dragging the index down 0.973 of a point while CIMB fell four sen to RM7, shaving 0.688 of a point of the index and Maybank's three sen decline dragged the index down by another 0.517 point.
BAT was the top loser, skidding 70 sen to RM43.88, Tanjong 36 sen to RM17.44, PPB 22 sen to RM15.98, Bursa Malaysia 14 sen to RM7.04.
Though key Asian markets were in the red, European markets staged a recovery on news that their banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday.
All the key European markets were in positive territory.
Shanghai's Composite Index was the worst performer year-to-date, sliding 26.82% while the Nikkei is down 11.04% year-to-date, Hang Seng Index is off 7.97%, Australia's S&P/ASX 200 Index 11.68% and Singapore's Straits Times Index is down 2.14%.
At Bursa Malaysia, the FBM KLCI is however up 3.24% while Thailand's SET Index has rallied 8.55% despite the earlier political turmoil and Jakarta's Composite Index was the best performer, riging 14.97%.
Wednesday's market sentiment was battered since the start of trade following the weak overnight close on Wall Street and fears that European banks might not be able to repay their half a trillion in euros in 12-month funds on Thursday.
The FBM KLCI ended the day 5.82 points lower at 1,314.02 but off its earlier low of 1,306.'' Turnover was 563 million shares valued at RM987 million. There were 267 gainers, 343 losers and 259 stocks unchanged.
Among the 30-stock FBM KLCI, IOI Corp fell six sen to RM5.01, dragging the index down 0.973 of a point while CIMB fell four sen to RM7, shaving 0.688 of a point of the index and Maybank's three sen decline dragged the index down by another 0.517 point.
BAT was the top loser, skidding 70 sen to RM43.88, Tanjong 36 sen to RM17.44, PPB 22 sen to RM15.98, Bursa Malaysia 14 sen to RM7.04.
Though key Asian markets were in the red, European markets staged a recovery on news that their banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday.
All the key European markets were in positive territory.
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