KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia extended its losing streak for a fourth consecutive session, closing lower on Thursday amid continued broad-based selling that weighed on market sentiment, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 9.23 points or 0.57 per cent to 1,585.96 from Wednesday's close of 1,595.19. The benchmark index opened 3.61 points lower at 1,591.58 and fluctuated between an intraday low of 1,583.66 and a high of 1,592.89 throughout the day. Market breadth remained negative with losers thumping gainers 799 to 318, while 476 counters were unchanged, 1,181 untraded and 13 suspended. Turnover climbed to 3.06 billion units valued at RM2.56 billion compared with yesterday’s 2.90 billion units valued at RM2.33 billion.
Singapore equities opened weaker as global risk sentiment deteriorated , with rising US rate expectations triggering a broad tech-led selloff , even as domestic data showed steady consumer demand . Wall Street Selloff Signals Shift in Sentiment US markets snapped a nine-week rally: S&P 500 -2.6% Nasdaq Composite -4.2% Dow Jones Industrial Average -1.4% The decline followed strong jobs data , which raised concerns that the Federal Reserve may maintain a hawkish stance . Tech stocks led losses: Nvidia -6.2% Advanced Micro Devices and Intel -7% to -13% range STI Opens Lower Amid Broad Weakness The FTSE Straits Times Index fell 1.47% , with decliners significantly outnumbering gainers . Market sentiment was pressured by: Global tech selloff Rising interest rate expectations Weak risk appetite across equities Retail Sales Growth Signals Consumer Strength Singapore’s reta...