KUALA LUMPUR (July 4): The FBM KLCI fell 6.59 points or 0.4% with Asian markets after North Korea fired a missile, which led to geopolitical concerns.

At Bursa Malaysia, the KLCI finished at 1,762.08 points at 5pm. Across Asian share markets, Japan’s Nikkei 225 fell 0.12% while Hong Kong’s Hang Seng was down 1.53%.

US markets are closed on Tuesday for the Independence Day holiday.

In Malaysia, Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew told theedgemarkets.com that it was generally a “down day” for Asia.

Reuters reported that Asian shares had turned lower as earlier gains were quashed by tensions on the Korean peninsula after North Korea fired a missile that landed in Japanese waters, deepening concerns over the isolated nation's nuclear capabilities.

Across Bursa Malaysia, 1.9 billion shares worth RM1.8 billion were traded. Decliners outpaced gainers at 456 against 340 respectively.

Petroliam Nasional Bhd (Petronas)-linked counters Petronas Gas Bhd, Petronas Chemicals Group Bhd and Petronas Dagangan Bhd were among top decliners as investors took profit today on their gains.

Source: The Edge