The FBM KLCI extended its decline for the sixth consecutive day, falling 1.15% to 1,527.02, mirroring a regional downtrend fueled by investor anxiety over a proposed US tax-cut bill and its potential impact on the federal deficit. The sell-off, triggered by declines in US equities and bonds, impacted Asian markets. Despite the continuous decline, there were signs of stabilization with bargain hunting emerging for some key index constituents. Trading volume decreased, with losers outnumbering gainers.
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