Volatile trading leads Bursa to end lower, volume climbs further | Malay Mail

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KUALA LUMPUR, Aug 7 — The intensifying US-China tech war led Bursa Malaysia to experience volatile trading and finish on a lower note today. At the close, technology related stocks tracked the Nasdaq downtrend following US President Donald Trump’s signing executive orders prohibiting US...

An analyst said the market ended on a lower note across the board due mainly to the war waged between Washington and Beijing, which led to a decline in bourses across Asia, especially in Hong Kong and China. — Bernama pic

Meanwhile, the FTSE Bursa Malaysia KLCI eased 0.65 per cent to 1,578.14 from yesterday’s close of 1,588.57 as a selldown of healthcare heavyweights Hartalega and Top Glove due to profit taking dragged down the benchmark index by 6.10 points.Trading volume broke another record high, driven by heavy trading of lower liners, especially technology-related counters.

Hong Kong’s Hang Seng Index declined 1.6 per cent to 24,531.62 while the Shanghai composite index was down 0.96 per cent at 3,354.03. Twenty-one of the 30 FBM KLCI constituent stocks recorded a selldown, including Hartalega , Top Glove , Public Bank and Nestle .

Source: News Formal (newsformal.com)

 

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