Stock market may extend losing streak

RTTnews | .

The Malaysia stock market has finished lower in three straight sessions, giving away more than 35 points or 2.2 percent in that span. The Kuala Lumpur Composite Index settled just above the 1,695-point plateau, and the market may take further damage on Thursday.

The global forecast for the Asian markets is fraught with concern over the health of the Chinese stock market, which has plummeted in recent weeks despite a series of market-stabilizing measures by authorities. Uncertainty regarding the Greek debt situation adds to the negative sentiment. The European markets were up and the U.S. bourses were down, and the Asian markets also figure to open in the red.

The KLCI finished sharply lower on Wednesday following losses from the financial shares, plantation stocks and industrial issues.

Read the full story here

Share on Myspace