KUALA LUMPUR: Bursa Malaysia opened to a bloodbath on Monday with over 700 counters diving into the red and the benchmark index plunging 3% as Trump's trade war shocked markets across the globe.
The FBM KLCI shed nearly 30 points at the start to 1,475.31, its worst opening since the Covid outbreak in March 2020.
As at 9.12am, the FBMKLCI was down 63 points to 1,441.29, breaking well below the support levels of 1,500 and 1,450 pegged by technical analysts. The current trading levels serve as a 17-month low last seen in November 2023.
No stocks were spared with sharp selling dragging down all the market sectors. Among some of the leading losers, Maybank plunged 31 sen to RM9.93, Tenaga Nasional dove 42 sen to RM13.06 and Nestle lost RM2.26 to RM70.74.
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