KUALA LUMPUR: The FBM KLCI fell sharply at the opening of early trade on Friday, Aug 5 in line with the overnight slump at Wall Street as persistent global economic worries set off a selling frenzy.
The FBM KLCI lost 16.95 points to 1,529.94 at the opening bell, weighed by losses at key blue chips.
Key Asian markets tumbled in early trade, with Japan's Nikkei 225 falling to a five-month low and South Korea's Kospi tumbling more than 4%.
Overnight in the US, stocks were dumped with Wall Street suffering its worst session in two years, and analysts are predicting more to come with the market seen entering a corrective phase.
The main Wall Street indices were all battered ' the Dow lost 4.3%, the S&P 500 fell 4.8% and the Nasdaq lost 5.1%.
On Bursa Malaysia, among the early losers were BAT, HLFG, KLK, UMW, Petronas Chemicals, Genting, MMHE, DiGi and MISC.
The FBM KLCI lost 16.95 points to 1,529.94 at the opening bell, weighed by losses at key blue chips.
Key Asian markets tumbled in early trade, with Japan's Nikkei 225 falling to a five-month low and South Korea's Kospi tumbling more than 4%.
Overnight in the US, stocks were dumped with Wall Street suffering its worst session in two years, and analysts are predicting more to come with the market seen entering a corrective phase.
The main Wall Street indices were all battered ' the Dow lost 4.3%, the S&P 500 fell 4.8% and the Nasdaq lost 5.1%.
On Bursa Malaysia, among the early losers were BAT, HLFG, KLK, UMW, Petronas Chemicals, Genting, MMHE, DiGi and MISC.
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