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KUALA LUMPUR: Bursa Malaysia came under selling pressure late Tuesday morning as the FBM KLCI fell below the crucial 1,500 level in the Top Glove and Hartalega sell-off
.
At 11.31 am, the KLCI was down 16.59 points or 1.09% to 1,499.79. The turnover was 4,410 million shares valued at RM1.92bil. The overall market was weaker, with declines topping the advanced 846 to 174 and 329 meters unchanged.
Hartalega fell 52 sen to RM13.48 and Top Glove 42 sen to RM7.86.
Supermax lost 63 sen to RM8.37 and Kossan 84 sen to RM12.86.
Bloomberg reported that Asian stocks mostly followed their European peers to the upside on Tuesday, ignoring concerns about the sell off of US tech stocks and new tensions between China and the United States. The pound held losses on concerns that the UK is approaching a no-deal Brexit.
Stocks posted modest gains in Australia and South Korea, with a more modest advance in Japan. Hong Kong and Chinese stocks fluctuated as President Donald Trump said he intends to slow down the US economic relationship with the country.
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