Wednesday, 9 November 2016

KLCI skids as Trump pulls ahead in US presidential polls

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KUALA LUMPUR : Blue chips slipped in late Wednesday morning exchange, following the unsteady key Asian markets and the tumble in the fates of the Dow Jones Industrial Average (DJIA) as Donald Trump pulled in front of Hillary Clinton in the US presidential survey. 

At 11.35am, the FBM KLCI lost 21.02 focuses or 1.26% to 1,642.80. Turnover was 937.59 million shares esteemed at RM613.10mil. Decliners pounded advancers more than nine to one with 754 failures to 83 gainers and 203 counters unaltered. 

Wire reports said the fates for the DJIA fell 500 focuses before paring misfortunes. 

US stock record fates tumbled in rough exchange on Tuesday as tight races in key states including Florida and Ohio stirred wagers that Republican Donald Trump could win the U.S. presidential decision, spooking financial specialists who have been depending on a triumph by Democrat Hillary Clinton, Reuters reported. 

Japanese stocks slipped more than 3% to a five-week low on Wednesday morning as money related markets were shaken by leave surveys demonstrating Trump was ahead of the pack, Reuters included. 

Markets fear a Trump triumph could bring about such monetary and worldwide vulnerability to keep the Federal Reserve from bringing financing costs up in December, as since a long time ago anticipated. 

At Bursa, BAT fell 56 sen to RM47.80, surrendering about 33% of Tuesday's increases. Dutch Lady lost 42 sen to RM58.28. 

With respect to manors, PPB Group lost 36 sen to RM15.74, Chin Tek was down 30 sen to RM7.60. 

Genting Bhd lost 30 sen to RM7.71 with 1.55 million shares done as assets decreased their stakes.


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