KLCI tumbles nearly 30 points at midday (Update)

KUALA LUMPUR: Malaysia’s blue chips were routed on Monday by foreign fund selling at midday, sending the FBM KLCI below the crucial 1,700 level briefly, in line with most of the key Asian markets as investors exited the equities market.

At 12.30pm, the KLCI was down 29.33 points or 1.69% to 1,703.66 – the lowest since August 2013. Turnover was 1.047 billion shares valued at RM914.30mil. Decliners hammered advancers 890 to 45 while 112 counters were unchanged.