KLCI falls 10.91 points as regional markets slip

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KUALA LUMPUR: The FBM KLCI pulled back on Monday, tracking regional markets as concerns over tighter regulations in China.

tumbled 31 sen to RM7.39, Nestle fell 30 sen to RM133, Hong Leong Bank shed 30 sen to RM18.10 and Hong Leong Financial Group lost 20 sen to RM17.54.On the broader market, Genetec jumped 56 sen to RM18.72, Sam Engineering rose 30 sen to RM7.66 and KESM added 26 sen to RM12.36.

Meanwhile, oil prices fell over US$1 on concerns about fuel demand from the spread of Covid-19 variants, as well as floods in China. Reuters reported that Chinese shares fell sharply to their lowest levels this year today after China barred for-profit tutoring in core school subjects and restricted foreign investment in the sector.

 

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