Malaysia stocks sell-off continues as Covid-19 offers no reprieve for world markets

Malaysia stocks sell-off continues as Covid-19 offers no reprieve for world markets
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KUALA LUMPUR (March 19): The FBM KLCI fell in afternoon trades today, as the sell-off across world markets continued despite effort to curb the Covid-19 pandemic.

At 3:41pm, the KLCI fell 20.51 points or 1.66% to 1,218.50, after falling to its lowest so far today at 1,207.80.

At 3:49pm, Bursa Malaysia saw 3.28 billion shares worth RM2.13 billion traded across the exchange.

It was reported that stocks, bonds, gold and commodities fell as the world struggled to contain the coronavirus and as investors and businesses scrambled for hard cash. 
"U.S. stock futures were a hair’s breadth from hitting session down limits. EuroSTOXX 50 futures fell 4%, FTSE futures fell 3%,” Reuters reported.