Wall Street extends Losses on China Pressure. KLCI closed in red today.

Currently Wall Street, S&P and Nasdaq drop 1% (during this entry at 2 0'clock). Energy stock as well as equities fall. US stock stumble on China worries.

While stocks on Bursa Malaysia today fell 0.92% to close at 1499.81 points on continuous selling pressure, after falling as much as 1.7% earlier, as investors opted to offload their holdings after global equity markets slumped on lingering concerns over eurozone debt and speculation that China may raise interest rates. source (Bursa Malaysia)