KLCI falls 0.91% as US manufacturing data heightens slowdown fears

KLCI falls 0.91% as US manufacturing data heightens slowdown fears

The Edge Markets - Malaysia·2019-10-02 17:45

KUALA LUMPUR (Oct 2): The FBM KLCI fell 14.54 points or 0.91% today to close at its intraday low at 1,574.9 after the broader market reacted to weaker US manufacturing data, which underscored the impact of the US-China trade war on the US economy.

Reuters reported that global equity selling was triggered after the Institute for Supply Management’s (ISM) index of factory activity, one of the most closely-watched data on US manufacturing, dropped 1.3 points to 47.8, the lowest level since June 2009.

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