Singapore and Malaysia Stock Markets take a plunge after Monday holiday

Stock markets around the world took a plunge yesterday when Malaysia and Singapore were celebrating the Hindu festival of lights or Deepavali. The Kuala Lumpur Composite Index fell more than 50 points in the first half hour of trading. At current time, the benchmark index stands at 806 points, 52 points or 6.1% lower than previous Friday's close. The Singapore Straits Times Index closed 7.8% lower to 1474.51 points.

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