KUALA LUMPUR: Bursa Malaysia has opened to another day of heavy selling as US President Donald Trump escalated its trade war with the European Union with another round of tariff threats.
The FBM KLCI shed 10.08 points to 1,499.95 at the start of Friday trading, dragged down by the extra weight of the tariffs on the global economy, and heightened fears of a US recession.
Overnight, the S&P500 confirmed a correction after losing 1.4% overnight to register a loss of more than 10% from its February high.
It joins the Nasdaq, which slipped into correction territory last week. After losing 2% in the overnight session, the tech-heavy index has now lost 13.6% since Feb 19.
...
