Malaysia Shares Sink Most Since 2008 Crisis as Foreigners Bail
- Nation’s benchmark stock gauge now down more than 9% from peak
- Gamuda leads builders selloff as nation scraps rail projects
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It was a pretty bad day for Asian stock markets. For Malaysia, it was even worse.
The FTSE Bursa Malaysia KLCI Index plunged as much as 3.7 percent, with losses snowballing after the midday break. The gauge ended the session 3.2 percent lower, its biggest single-day slump since October 2008, with declines surpassing those of all other national benchmarks in the region. Malaysian markets were shut on Tuesday for a holiday.