KUALA LUMPUR: Bursa Malaysia and other stock markets worldwide were bruised yesterday by United States President Donald Trump’s travel ban. Global stocks posted their biggest loss in recent weeks after Trump signed an executive order on Friday to bar Syrian refugees indefinitely and suspended travel to the US from seven Muslim-majority countries, sparking widespread protests. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 14.82 points, or 0.88 per cent, yesterday to close at 1,671.54 points from 1,686.36 points recorded last Friday. MIDF Research deputy head Mohd Redza Abdul Rahman said this was in line with the declines seen across all Asian markets that were opened yesterday. “Markets are now not jittery, but pricing in the Trump risk premium as some of the ‘America First’ policies will be at the expense of its trading partners,” he said.

Source: New Strait Times February 01, 2017 03:02 UTC