China equity turmoil hits Malaysia too, KLCI below key 1,700-point


Bank of america Merrill lynch: The ripple effect from the market correction has yet to show up

PETALING JAYA: Slumping stock prices in China wreaked fresh havoc across the region, with benchmark indices in Shanghai and Hong Kong the worst hit, as fresh measures by the Chinese authorities to stem recent sharp losses failed to calm nervy investors.

The Shanghai Composite Index fell 5.9% yesterday to 3,507 points. The stock measure has fallen 32% over the past three weeks.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Business , stock market , KLCI , China , Greece ,

   

Next In Business News

Decarbonising cement: Are we ready?
After a homeowner passes
A stinky nuisance: When septic tanks burst
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Sapura Energy ‘in a good place now’

Others Also Read