Malaysia shares fall 1.5% as Strait of Hormuz tensions flare
Malaysia’s Kuala Lumpur Composite Index closed 1.5% lower at 1700.54, its biggest one-day drop since March. U.S.-Iran strikes near the Strait of Hormuz sparked broad panic selling, a FSMOne research manager said.
Malaysia's benchmark Kuala Lumpur Composite Index closed 1.5% lower at 1700.54, its biggest one-day drop since March.
Sentiment was weighed by U.S.-Iran strikes near the Strait of Hormuz, which caused panic selling across the board, said FSMOne research assistant manager Alwyn Chew Chuan Shyn.
Desp…