KUALA LUMPUR: Asian markets tumbled on Tuesday, March 15 as Japanese stocks plunged more than 14%, as panic swept Tokyo''after a rise in radioactive levels around an earthquake-hit nuclear power plant north of the city.
As concern about the crippling economic impact of the nuclear and earthquake disasters mounted, Japanese stocks headed for their biggest drop since 1987, compounding a slide of 7.6% the day before, according to Reuters. ''
The two-day fall has wiped US$720 billion off the market, it said.
The FBM KLCI fell 1.14% or 17.07 points at the mid-day break, dragged by losses at banking and blue chip stocks.
Market breadth was negative as losers thumped gainers by 822 to 75, while 114 counters traded unchanged.
The ringgit weakened 0.49% to 3.0528 versus the US dollar; crude palm oil futures for the third month delivery fell RM58 per tonne to RM3,257, oil lost US$2.33 per barrel to US$98.86 while gold slumped US$14.25 per troy ounce to US$1,412.15.
At the regional markets, Japan's Nikkei 225 fell 12.44% to 8,423.28, Hong Kong's Hang Seng Index lost 3.84% to 22,449.60, the Shanghai Composite Index fell 2.14% to 2,874.63, Taiwan's Taiex down 4.39% to 8,145.90, South Korea's Kospi fell 4.13% to 1,889.88 and Singapore's Straits Times Index lost 3.13% to 2,936.13.
On Bursa Malaysia, among banking stocks, HLFG and Hong Leong Bank fell 21 sen each to RM8.54 and RM9.21, AMMB 14 sen to RM6.18, CIMB and Maybank fell eight sen each to RM7.84 and RM8.63 while RHB Capital fell five sen to RM7.93.
MISC lost 31 sen to RM7.35, DiGi 28 sen to RM27, KLK 26 sen to RM20.54, Hartalega and Paramount 25 sen each to RM5.35 and RM5.13, LPI Capital 20 sen to RM13.40 while IOI Corp lost eight sen to RM5.53.
ManagePay Systems, which made its debut on the ACE Market today, was the most actively traded counter with 109.6 million shares done. The stock was 8.5 sen to 24.5 sen.
Other actives included SAAG, Tanco, IRCB, HWGB and Axiata.
Gainers included Ewein, Panasonic, Kossan, Top Glove, DKSH and Lysaght.
As concern about the crippling economic impact of the nuclear and earthquake disasters mounted, Japanese stocks headed for their biggest drop since 1987, compounding a slide of 7.6% the day before, according to Reuters. ''
The two-day fall has wiped US$720 billion off the market, it said.
The FBM KLCI fell 1.14% or 17.07 points at the mid-day break, dragged by losses at banking and blue chip stocks.
Market breadth was negative as losers thumped gainers by 822 to 75, while 114 counters traded unchanged.
The ringgit weakened 0.49% to 3.0528 versus the US dollar; crude palm oil futures for the third month delivery fell RM58 per tonne to RM3,257, oil lost US$2.33 per barrel to US$98.86 while gold slumped US$14.25 per troy ounce to US$1,412.15.
At the regional markets, Japan's Nikkei 225 fell 12.44% to 8,423.28, Hong Kong's Hang Seng Index lost 3.84% to 22,449.60, the Shanghai Composite Index fell 2.14% to 2,874.63, Taiwan's Taiex down 4.39% to 8,145.90, South Korea's Kospi fell 4.13% to 1,889.88 and Singapore's Straits Times Index lost 3.13% to 2,936.13.
On Bursa Malaysia, among banking stocks, HLFG and Hong Leong Bank fell 21 sen each to RM8.54 and RM9.21, AMMB 14 sen to RM6.18, CIMB and Maybank fell eight sen each to RM7.84 and RM8.63 while RHB Capital fell five sen to RM7.93.
MISC lost 31 sen to RM7.35, DiGi 28 sen to RM27, KLK 26 sen to RM20.54, Hartalega and Paramount 25 sen each to RM5.35 and RM5.13, LPI Capital 20 sen to RM13.40 while IOI Corp lost eight sen to RM5.53.
ManagePay Systems, which made its debut on the ACE Market today, was the most actively traded counter with 109.6 million shares done. The stock was 8.5 sen to 24.5 sen.
Other actives included SAAG, Tanco, IRCB, HWGB and Axiata.
Gainers included Ewein, Panasonic, Kossan, Top Glove, DKSH and Lysaght.
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