Asian markets fell in early Monday trade as investors retreated following the weak US markets last Friday, plunge in oil prices and ahead of China’s GDP data later while Malaysia’s broader market slumped with advancing counters beating decliners 11 to one.
At 9.17am, the FBM KLCI was down 15.4 points or 0.95% to 1,613.15. Turnover was 406.93 million shares valued at RM123.79mil. There were 557 losers to 51 gainers and 126 counters unchanged.
Reuters reported oil prices hit their lowest since 2003 in early trading on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend. Brent crude fell to $27.67 a barrel early on Monday, its lowest since 2003 while US crude was down 58 cents at US$28.84 a barrel.
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At 9.17am, the FBM KLCI was down 15.4 points or 0.95% to 1,613.15. Turnover was 406.93 million shares valued at RM123.79mil. There were 557 losers to 51 gainers and 126 counters unchanged.
Reuters reported oil prices hit their lowest since 2003 in early trading on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend. Brent crude fell to $27.67 a barrel early on Monday, its lowest since 2003 while US crude was down 58 cents at US$28.84 a barrel.
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