Losses at banking stocks keeps KLCI in the red

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KUALA LUMPUR (Aug 12): Losses at index-linked banking stocks kept the FBM KLCI in the red in early trade while the ringgit hovered around the RM4 per US dollar region.

At 9.19am, among the top losers were Public Bank Bhd, Hong Leong Bank Bhd, Hong Leong Financial Group, Alliance Financial Group Bhd and Affin Holdings Bank.

The FBM KLCI lost 8.86 points to 1,6.27.85.