FBMKLCI marks 4th straight day of losses as trade war tensions weigh again

KUALA LUMPUR (Dec 7): External factors weighed on the FBMKLCI on Friday, which extended its losses for the fourth consecutive day as blue chips declined.

Lee Cherng Wee, a senior analyst at JF Apex Securities Bhd, said the local bourse's continued slide was mainly due, once again, to escalating US-China trade war tension, followed by the arrest of Huawei Executive Meng Wanzhou.

The benchmark index settled at 1,680.54 points at 5pm, down 0.17% or 2.8 points, as blue chips like Public Bank Bhd and Petronas Chemicals Group Bhd (PChem) retreated.