Lower on weak sentiment
BURSA Malaysia finished lower across the board, with the key index retreating from recent gains, and dampened by concerns over external developments which curbed the risk appetite of investors for equities.
The FBM KLCI closed 6.26 points lower at 1,820.61 from Tuesday’s close of 1,826.9. It moved in a tight range of between 1,815.74 and 1,822.43 throughout the day due to continuous selling in index-linked counters.
Inter-Pacific Securities Sdn Bhd, head of research, Pong Teng Siew said major Southeast Asian bourses were down as investors turned cautious ahead of the Sept 5 deadline for public comment on President Donald Trump’s increased tariffs on Chinese imports. — Bernama