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Bursa in the red in early trade, Petronas stocks weigh


KUALA LUMPUR: Bursa Malaysia was in the red early Wednesday on mild profit taking on key FBM KLCI stocks especially Petronas-linked stocks after the late buying the previous day.
At 10.05am, the KLCI was down 4.13 points or 0.27% to 1, 515.43. Turnover was 1.29 billion shares valued at RM635.15mil. Decliners beat advancers 379 to 250 while 377 counters were unchanged.
Bloomberg reported Asian stocks were mixed early Wednesday after Wall Street fell from a record and bond yields rose following a surprise US inflation jump that stirred the debate on how long Federal Reserve policy can stay ultra-loose.
Shares fluctuated in Japan, dipped in South Korea and were steady in Australia. U.S. futures were little changed after the S&P 500 slipped for the first time in three trading sessions while the Nasdaq 100 ended little changed. ....

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