Bursa, key Asian markets drop after US Fed plans for more rate hikes - Business News - News Summed Up

Bursa, key Asian markets drop after US Fed plans for more rate hikes - Business News


KUALA LUMPUR: Bursa Malaysia and key Asian markets fell in early Thursday trade, tracking the overnight tumble on Wall Street as the US Federal Reserve planned two more rate hikes next year.At 9.28am, the KLCI was down 9.63 points to 1,646.03. Japan's Nikkei shed 0.8% to nine-month lows.In New York, the US S&P 500 Index lost 1.54% to hit its lowest level since September 2017. US stocks are on pace for their biggest December decline since 1931, the depths of the Great Depression.At Bursa, BAT fell RM1.34 to RM35.22, BAT 66 sen lower at RM70.88, Nestle 40 sen to RM145.90 and Carlsberg 34 sen to RM19.66. F&N gained 16 sen to RM30.96.Petronas Dagangan fell 34 sen to RM25.26 and Petronas Gas 20 sen lower at RM19. Hengyuan lost 15 sen to RM4.61.


Source: The Star December 20, 2018 01:52 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */