Malaysian Stocks Decline

The Malaysian stock market experienced a decline for the second consecutive session on Tuesday. The benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) dropped 0.1% to 1,453.10.

Declining Stocks

Leading the market downturn was Sime Darby Plantation with a decline of 2.0%. PPB Group also saw a decrease of 1.4%, while Hong Leong Bank’s shares declined by 1.3%.

Leading Performers

On the other hand, Sunway Bhd, a real estate and construction company, saw the largest gain of 4.4% during the session. Hap Seng Consolidated, a business and consumer services firm, added 2.2%. Malaysia Airports Holdings, operating in the transportation and logistics sector, rounded out the top three performers with shares rising by 1.8%.

Southeast Asia Market Performance

In Southeast Asia, Singapore’s FTSE Straits Times Index dropped 0.3%, while the Thailand SET Index gained 1.3%. The Philippines’ PSEi Index experienced a 1.6% gain, and Indonesia’s JSX Composite Index increased by 0.7%.

Other Asia-Pacific Market Movements

Meanwhile, Hong Kong’s Hang Seng Index witnessed a 1.5% drop, and Japan’s Tokyo Stock Exchange was closed. China’s Shanghai Composite Index declined by 0.4%. South Korea’s KOSPI Composite Index saw a gain of 0.5%, and Australia’s S&P/ASX 200 Benchmark Index also gained 0.5%.

Currency Update

In terms of currency, the U.S. dollar climbed 0.1% to 4.60 Malaysian ringgit, while the euro held steady at 5.08 ringgit.

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