KUALA LUMPUR: Bursa Malaysia remained in the red despite some optimism in regional markets as trade tariffs imposed by the US were lower than initially expected.
At 12.30pm, the benchmark FBM KLCI was down 5.3 points to 1,528.05 as investors moved into profit-taking mode following last Friday's sharp rally.
The domestic market continues to move in consolidation mode as there remains a lot of uncertainty over the how much impact these tariffs will have on global trade and the economy, especially after a jobs report released by the US pointed towards a sharp decline in payrolls.
More than 500 stocks and seven out of 13 sectors slid into negative territory on the broader market. The morning session ended with a turnover of 1.67 billion shares valued at RM952.57mil.
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