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KLCI comes under selling pressure in early trade, select blue chips drag

The FBM KLCI came under selling pressure in early trade this morning and fell after the market opened.

At 9.07am, the FBM KLCI lost 3.63 points to 1,778.02.

The decliners included Petron Malaysia Refining & Marketing Bhd, Ajinomoto (M) Bhd, Hap Seng Consolidated Bhd, JF Technology Bhd, Unisem (M) Bhd, Genting Bhd, Petronas Gas Bhd, Tien Wah Press Holdings Bhd, Hartalega Holdings Bhd and Axiata Group Bhd.

U.S. stock futures slipped while U.S. Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang’s warning that it is “carefully examining” plans for a missile strike on the U.S. Pacific territory of Guam, according to Reuters.




Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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