KUALA LUMPUR: The FBM KLCI dove following reports that Russia had begun a full-scale invasion of Ukraine.
In a noon submit on Twitter, Ukraine’s Foreign Minister stated Russia had begun focusing on Ukrainian cities with navy strikes, calling the invasion a “warfare of aggression”
At 12.30pm, the FBM KLCI was down 14.45 factors to 1,571.69 in step with a retreating global markets as traders await additional developments.
Asian markets continued their descent amid the geopolitical turmoil. Hong Kong’s inventory market led losses with the Hang Seng index skidding 3.1%
Japan’s Nikkei dropped 2.4%, South Korea’s Kospi misplaced 2.7% and China’s composite index shed 0.9%.
In Australia, the ASX200 slumped 3%.
On Bursa Malaysia, traders had been fast to money out with financial institution counters among the many most closely affected.
Maybank dropped 13 sen to RM8.64, Public Bank misplaced six sen to RM4.30, IMB dropped 5 sen to RM.50 and Hong Leong Bank shed 10 sen to RM19.76.
Among different main laggards, Press Metal
fell 15 sen to RM6.69, Axiata declined 12 sne to RM3.79 and Petronas Chemicals shaved 5 sen to RM9.18.
Brent crude futures surged 4.8% to US$101.52 a barrel, sending sending oil and gas-related counters to new highs.
Hibiscus Petroleum jumped 10 sen to RM1.29 whereas Bumi Armada rose 4.5 sen to 55 sen and Hengyuan added 16 sen to RM4.38.
On the blue-chip index, Petronas Dagangan was seen gaining 24 sen to RM20.26.
