KUALA LUMPUR: Bursa Malaysia got off to a weak start on Thursday with the FBM KLCI falling more than 0.8% as Petronas-linked stocks and Public Bank lost ground.At 9.16am, the KLCI was down 13.63 points or 0.85% to 1,590.11. Turnover was 270.72 million shares valued at RM160.58mil. There were 81 gainers, 328 losers and 171 counters unchanged.Asian shares were stuck in the red amid worries the China-US trade conflict was fast morphing into a technology cold war between the world's two largest economies, Reuters reported.Japan's Nikkei slipped 0.5% in early trade, while South Korea lost 0.3%. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.01% to hover just above a 16-week trough. Conversely, resistance can be identified at 1,630 (R1) and 1,650 (R2) if there is unexpected positive news flow,” it said.Petronas Gas fell the most, down 54 sen to RM15.98 while Petronas Chemical was down 41 sen to RM8.41.

Source: The Star May 23, 2019 01:37 UTC