KUALA LUMPUR : Key Asian markets slid at the early
afternoon break on Wednesday as financial specialists valued in a potential
triumph by Donald Trump in the US presidential race yet the FBM KLCI was off
the early low.
Asian stocks additionally slipped, with MSCI's broadest record of
Asia-Pacific stocks outside Japan down more than 3% at a certain point, and the
Nikkei sinking about 5%, Reuters reported.
Unrefined petroleum and the US dollar fell as Republican hopeful
Trump led the pack from Democrat Hillary Clinton. Markets fear a Trump triumph
could bring about worldwide monetary and exchange turmoil, disheartening the
Federal Reserve from bringing loan fees up in December as since a long time ago
expected, news reports said.
At 12.30pm, the FBM KLCI was down 15.50 focuses or 0.93% to
1,648.32 yet off the intra-morning low of 1,640.85 on gentle reserve purchasing
of key stocks
Turnover surged to 1.33 billion shares offers esteemed at
RM959.98mil. Decliners pounded advancers 10 to one with 835 washouts to 84
gainers and 200 stocks unaltered.
The ringgit fell against the significant monetary standards as
unrefined petroleum costs drooped. It tumbled to 4.2218 against the US dollar
to 4.2218 from 4.2017 while it slipped against the Singapore dollar to 3.0397
from 3.0237 and it fell against the pound sterling to 5.2807 from 5.2233. It
fell strongly against the Euro to 4.7474 from 4.6477.
Gold bounced US$45.21 to US$1,320.89 per troy ounce as it a place
of refuge in unpredictable economic situations.
Maybank fell 11 sen to RM7.84 and deleted 1.83 focuses from the
KLCI, CIMB seven sen down at RM4.79, Public Bank and Hong Leong Bank lost four
sen each to RM19.76 and RM13.16.
Heavyweight Tenaga lost six sen to RM14.26, Genting Bhd 21 sen to
RM7.80 and Genting Malaysia five sen bring down at RM4.70.
Concerning telcos, Axiata and Maxis fell 10 sen each to RM4.74 and
RM5.82, Telekom five sen bring down at RM6.46 and Digi shed two sen to
RM5.02.
Among the manors, unrefined palm oil for third-month conveyance
fell RM26 to RM2,817 per ton. Heavyweight Sime Darby lost 16 sen to RM8.15 or
1.73 focuses, PPB Group 10 sen bring down at RM16, KL Kepong eight sen bring
down at RM23.78. IOI Corp was unaltered at RM4.45.
US light raw petroleum fell US$1.26 to US$43.72 and Brent lost
US$1.19 to US$44.85. Petronas Chemicals and Petronas Gas lost four sen each to
RM6.91 and RM21.98 and Petronas Dagngan shed two sen to RM23.34 while
SapuraKencana shed five sen to RM1.51.
Among the key provincial markets,
Japan's Nikkei 225 fell 3.97% to 16,489.65;
Hong Kong's Hang Seng Index losr 2.82% to 22,262.74;
CSI 300 lost 1.18% to 3,331.46;
Shanghai's Composite Index lost 1.32% to 3,106.23;
Hang Seng China Enterprise tumbled 3.85% to 9,288.20;
Taiwan's Taiex was down 2.31% to 9,004.44;
South Korea's Kospi lost 2.79% to 1,947.49 and
Singapore's Straits Times Index was down 1,37% to 2,781.69.
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