FBM KLCI hits 21-month low as US-China tariff war fuels market decline

Quick Summary:

KUALA LUMPUR: Bursa Malaysia plummeted again on Wednesday, with over 900 stocks in the red, as escalating tariff wars between the U.S.and China—two of the world's biggest economies—fueled concerns, stoked recession fears, and wiped out massive amounts in market value.

Among the gainers, F&N added 10 sen to RM23.30, Country View climbed 10 sen to RM1.82, MBM Resources rose eight sen to RM5.30 and Kossan advanced seven sen to RM1.80.

At closing, the FBM KLCI fell for the sixth day, plunging 42.97 points, or 2.98%, to 1,400.59, its lowest in 21 months since July 2023.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapanSouth KoreaSingapore

Topics: Tariff war Markets /Business/Business News Bursa Malaysia KLCI FBM KLCI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 17:25:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 27752382

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