KUALA LUMPUR: European and Asian markets were in a sea of red on Friday, Nov 12 as investors took money off the table, spooked by speculation China would hike interest rates, worries about Ireland's debt crisis and imposition of capital controls.
At the close, the FBM KLCI was below 1,500. It skidded 0.92% or 13.89 points to 1,499.81. Turnover was 1.72 billion shares valued at RM2.39 billion. Losers hammered gainers 771 to 155.
Shanghai's Composite Index -5.16% 2,985.43 Shenzen Composite Index -6.12% 1,296.95 Hang Seng Index -1.93% 24,222.58 Nikkei 225 -1.39% 9,724.81 Singapore Straits Times Index -1.33% 3,249.62 Jakarta Composite Index -2.1% 3,665.85 ''
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European markets posted losses of between 1% and 1.58%.
The plunge in Shanghai was due to worries about China hiking interest rates'' while on the currency front, there were expectations that expect some countries would follow the example of Brazil and Thailand and resort to capital controls to slow unwanted capital inflows.
At Bursa Malaysia, Genting fell 44 sen to RM10.16, Petronas Dagangan 42 sen to RM10.88, Nestle and KLK 40 sen each to RM43.40 and RM19.80 while Gamuda and CIMB gave up 22 sen each to RM3.46 and RM8.30.
Time Engineering was the most active with 128 million shares done, up eight sen to 52.5 sen.
CICB was the top gainer, up 28 sen to 80 sen, Supermax managed to recover after the recent selling rising 18 sen to RM4.53, Hong Leong Bank added 13 sen to RM9.68 and Maybank 10 sen higher at RM9.20.
At the close, the FBM KLCI was below 1,500. It skidded 0.92% or 13.89 points to 1,499.81. Turnover was 1.72 billion shares valued at RM2.39 billion. Losers hammered gainers 771 to 155.
Shanghai's Composite Index -5.16% 2,985.43 Shenzen Composite Index -6.12% 1,296.95 Hang Seng Index -1.93% 24,222.58 Nikkei 225 -1.39% 9,724.81 Singapore Straits Times Index -1.33% 3,249.62 Jakarta Composite Index -2.1% 3,665.85 ''
''
European markets posted losses of between 1% and 1.58%.
The plunge in Shanghai was due to worries about China hiking interest rates'' while on the currency front, there were expectations that expect some countries would follow the example of Brazil and Thailand and resort to capital controls to slow unwanted capital inflows.
At Bursa Malaysia, Genting fell 44 sen to RM10.16, Petronas Dagangan 42 sen to RM10.88, Nestle and KLK 40 sen each to RM43.40 and RM19.80 while Gamuda and CIMB gave up 22 sen each to RM3.46 and RM8.30.
Time Engineering was the most active with 128 million shares done, up eight sen to 52.5 sen.
CICB was the top gainer, up 28 sen to 80 sen, Supermax managed to recover after the recent selling rising 18 sen to RM4.53, Hong Leong Bank added 13 sen to RM9.68 and Maybank 10 sen higher at RM9.20.
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