KUALA LUMPUR: The benchmark FBM KLCI descended into negative territory at midday as equities succumbed to profit-taking.
Regional markets were jittery on Tuesday on news that China courts had ordered that property conglomerate China Evergrande will be liquidated.
At 12.30pm, the FBM KLCI had erased its ealrier gains and was down 0.63 points to 1,514.76.
The broader market turned negative with 600 decliners compared to 336 gainers. The trading volume was 2.29 billion shares valued at RM1.4bil.
Blue chips in the red included Press Metal
sliding five sen to RM4.78, IHH shedding 10 sen to RM6.05 and PPB falling eight sen to RM14.64.
Top actives on the market were TWL unchanged at four sen, HE Group up nine sen to 37 sen and Widad down two sen to 13.5 sen.
Meanwhile, China's composite index was down 0.6% to 2,865 on worries over the recovery of its property sector.
Hong Kong's Hang Seng dove 2% to 16,765 following a miss in EV maker BYD's earnings.
Japan's Nikkei was up 0.4% to 36,174 and South Korea's Kospi gained 0.1% to 2,503.
