Bursa fundamentals strong, rout due to overreaction - economist

Bursa Malaysia’s fundamentals remain strong, even as global equities fall in response to a softer-than-expected US jobs report that heightened recession fears, said Mohd Sedek Jantan.

The UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research said the global rout was merely due to panic selling and overreaction among investors.

He said the ultimate driver for today’s decline was largely influenced by...