Friday, 24 June 2016

Brexit fears swamp Asian markets, KLCI slides 22pt

Prospects of Britain leaving the European Union rose sharply higher towards midday on Friday, whipsawing key Asian markets including Bursa Malaysia in a knee-jerk reaction as uncertainties loomed.

At 12.30pm, the FBM KLCI was down 22.73 points or 1.39% to 1,617.25. Turnover was 1.19 billion shares valued at RM1bil. Losers thumped gainers 801 to 95 while 193 counters were unchanged.

Investors fled equities markets due to uncertainties following a Brexit, said analysts while the BBC reported Britain has voted to leave the EU.

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