KUALA LUMPUR: Hong Kong and Japan markets skidded more than 4% at the midday break on Tuesday as investors braced for a weakening global outlook.
Over at Bursa Malaysia, Public Bank and its foreign shares and TM International were among the bigger losers while crude palm oil futures fell, tracking the decline on crude oil.
At 12.30pm, the KLCI was down 4.82 points to 843.61, but off the early low of 838, as buying support for heavyweight Tenaga set in to arrest the decline on the 100-stock index.
Turnover was 193.42 million shares valued at RM280.4mil. There were 76 gainers, 261 losers and 160 counters unchanged.
Hong Kong’s Hang Seng Index fell 4.94% or nearly 700 points to 13,411.96 and the Nikkei 225 lost 4.65% to 8,006.58 while Singapore’s Straits Times Index lost 2.08% to 1,655.04. Shanghai’s A Share Index was marginally higher by 0.09% to 1,991.53.
Ligt crude oil fell US$1.31 to US$47.97 while crude palm oil futures fell RM58 to RM1,570.
At Bursa Malaysia, DFZ was the top loser, sliding 60 sen to RM3.50 while Nestle fell 50 sen to RM27.
Public Bank fell 15 sen to RM8.25 and its foreign shares 25 sen lower to RM8.10 while TMI gave up 14 sen to RM3.56. Tanjong, Bursa and BCHB lost 10 sen each to RM12.90, RM5.10 and RM5.85 respectively.
United Plantations fell 20 sen to RM10.60, Kulim 12 sen to RM4.76, Kulim-WB 16 sen to RM2.30.
However, Tenaga added 15 sen to RM6.05 while Petrona Gas also advanced 15 sen to RM9.75, PPB 10 sen to RM8.45, YTL-WB added 10 sen to RM2.30 and YTL five sen to RM6.65.
