KLCI remains below 1,700-level as key blue chips drag
KUALA LUMPUR (Dec 6): The FBM KLCI drifted lower and remained below the 1,700-level in early trade this morning, tracking regional markets.
At 9.05am, the FBM KLCI fell 4.24 points to 1,684.03.
The early decliners included Nestle (M) Bhd, British American Tobacco (M) Bhd, Kuala Lumpur Kepong Bhd, Petronas Gas Bhd, Hartalega Holdings Bhd, Tenaga Nasional Bhd, IOI Corp Bhd, Malaysia Airports Holdings Bhd, Sime Darby Plantation Bhd and UMW Holdings Bhd.
HONG KONG: Shares of Chinese medical tech platform WuXi AppTec ended flat on their first day of trading in Hong Kong on Thursday, joining a list of subdued debuts in the city this year with trade tensions keeping investors on tenterhooks.
BEIJING (Dec 14): China’s trade war with the United States is spurring some Chinese entrepreneurs, government advisers and think-tanks to call for faster reforms in the world’s second-largest economy and the freeing of a private sector stifled by state controls.
The calls for change have become louder as China approaches a key anniversary later this month, although there are no signs that the government is planning to shift any key policies.