US sell-off spills over into domestic market

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KUALA LUMPUR: The overnight rout on Wall Street spilled over into the domestic market as investors sold down equities amid fears of a US recession.

Telekom fell 11 sen to RM6.70, Tenaga Nasional dropped 16 sen to RM13.38 and YTL Power lost seven sen to RM2.98.

"Immediate resistance remains at 1,580, then 1,605, with next upside hurdles at 1,630 and 1,648," it added in its market review.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Equities Stock Markets KLCI Trading Bursa Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 09:17:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26874705

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 33 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 4 hours ago

Coverage Areas: Malaysia

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Publisher ID: #22

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