Asian Stocks Tumbled Amid Souring Risk-On Mood

Kuala Lumpur, May 9 –Bursa Malaysia ended in negative territory on Monday tracked the performance of Wall Street and that of the major bourses in the region. Hong Kong stock market is closed today. Equities markets in the Asia-Pacific closed mostly lower as the gloomy mood underpinned the market sentiment, the investors anticipate one more rate hike by the Fed in June.  A valid anxious concerns over the economic growth rate going forward. Liquidity tightening measures are going suffocate investment by corporates, which will dent the employment levels and aggregate demand.

** the FTSE BM KLCI declined 15.16 or  0.97% at 1,549.18.

** The FTSE BM KLCI opened at 1,563.80 . The index fluctuated between 1,546.64 –  1,563.80.

** 183 counters are gainers, 333 counters are unchanged, while 827 counters are losers.

** Total volume of 3,218,095,700 recorded; while Turnover of RM2,034,093,589.

** The Top 5 Gainers : PETDAG (21.64,+0.62) ; HENGYUAN (6.69, +0.35) ; HARISON (5.99, +0.31) ; SP500-HZ (1.25, +0.17) ; NDX-H1 (1.27, +0.14)

** The Top 5 Losers : KLK (27.30, -0.70) ; BKAWAN (27.64, -0.62) ; CARLSBG (21.66, -0.50) ; GENP (8.51, -0.47) ; NESTLE (131.40, -0.40)

** The Top 5 Most Active Stocks : SERBADK (0.11, -0.24) ; TECHNAX (0.115, -0.005) ; SERBADK-WA (0.03, -0.04) ; XOX-WC (0.005, UNCHANGED) ; EURO (0.19, -0.035)

** Singapore’s Straits Times Index (STI) shed 19.39 points or -0.59% to 3,272.50 ; Japan’s Nikkei 225 declined 684.22 points  or -2.53% at 26,319.34; and Korea’s KOSPI dropped 33.70 points or -1.27% to 2,610.81;  Shanghai’s SSE Index rose 2.58 points or 0.086% at 3,004.14; Australia’s All Ordinaries down 109.70 points or -1.47% to 7,357.90

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