Bursa sees largest one-day drop since 2008 financial crisis

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Bernama file photo for illustration purposes.

 

KUCHING: Bursa Malaysia saw its largest ever drop in a day since the Asian Financial Crisis back in 2008.

At closing today, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 56.56 points lower at 1,719.28 from Monday’s close of 1,775.84.

The last largest decline was recorded back in October 27, 2008.

Dealers said foreign investors continued to dispose of shares amid the uncertainty in the new government’s fiscal policy, and this was in sync with regional markets.