Asian stocks were under great pressure today. Reasons given by 'Investing.com' were continuing US-China trade-war; tension surrounding the murder of Jamal Khashoggi and worries over the Italian budget. Sentiment was also affected by the close to 300 points drop in the Dow Future.
At the closed Asian bourses in general dropped about 2% to 3%. Hang Seng dropped the most at -3.08% followed by Nikkie 225 that dropped 2.67%.
At this moment the European markets are also losing ground. German DAX index is the biggest loser at -1.86% at the moment.
From their respective highs, China SSE index has dropped the most at 49.78% since June 2015's high of 5,166. HangSeng ranked second dropping 23.55% from its January 2018's high of 33,154.
From its April 2018's high of 1,887 FBMKLCI has dropped 10.06% so far. I am expecting KLCI to drop to around 1,530 level, another 10% to go.
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