Kha, Mei

SYDNEY: Asian shares attempted a rebound on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve.

Australia's main index <.AXJO> rose 0.9 percent in early trade, while Japan's Nikkei <.N225> flitted in and out of positive territory. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> firmed 0.5 percent.

Sentiment was soothed a little when Chinese regulators said they were prepared to buy shares to stabilize stocks and the central bank hinted at further easing.

Yet investors were understandably wary of a market that, without warning, fell over 8 percent on Monday.

The CSI300 index <.CSI300> of the largest listed companies in Shanghai and Shenzhen had ended on Tuesday just 0.2 percent lower, while the Shanghai Composite <.SSEC> lost 1.7 percent. Both indexes had slumped as much as 5 percent at one point. [.SS]

On Wall Street, the Dow <.DJI> ended on Tuesday with gains of 1.09 percent, while the S&P 500 <.SPX> rose 1.24 percent and the Nasdaq <.IXIC> 0.98 percent

KUALA LUMPUR: BIMB Securities Research expects Bursa Malaysia to remain weak in the near future due to negative sentiment all over the region with immediate support at 1,690.

On Tuesday, the FBM KLCI ended 10.06 points lower, settling at 1,699.70, dragged down by transport and plantation counters.

BIMB Research said foreign institutions and local retail remain the net sellers at -RM288.9mil and RM31.4mil while local institutions were net buyers at RM320.3mil.

Europe and Wall Street ended

KUALA LUMPUR: For the past three weeks, Malaysian authorities have allowed the ringgit to trade below levels that in 1998 prompted them to impose a dollar peg and capital controls. Economists expect more downside, with the Federal Reserve set to raise U.S. interest rates.

The ringgit has traded around 3.81 per dollar since July 6, exceeding the 3.80 level of the peg set by the government between 1998 and 2005. Economists warn against intervention to shore up the ringgit, as Malaysia's

SINGAPORE: Oil prices fell on Monday after closing the previous session at their lowest levels since March on renewed oversupply concerns from the United States and Iraq, although a weaker dollar helped to limit deeper losses.

Investors are looking to the US Federal Reserve for direction this week. The central bank starts a two-day policy meeting on Tuesday that could result in a September interest rate hike that would strengthen the greenback.

"The markets are looking for price guidance from

KUALA LUMPUR: BIMB Securities Research expects Bursa Malaysia to be in the red on Tuesday following the dampened sentiment all over the world.

It said the main factors were the major sell-off in China and continuous outflow of foreign investors.

“We expect the index to test its critical support level at 1,700,” it said.

On Monday, the KLCI closed down 11 points or 0.64% to 1,709.76, dragged down mainly by banking stocks.

BIMB Research said trading participation saw net selling by foreign

Asian stocks retreated for a fifth day as the selloff in China deepened. Oil declined, while New Zealand’s currency rallied from near a six-year low.

The MSCI Asia Pacific Index dropped 1.1 percent at 10:34 a.m. in Tokyo, while the Shanghai Composite Index sank 3.2 percent. Futures on the Standard & Poor’s 500 Index were little changed after the measure capped its longest losing streak since January. Crude dropped 0.7 percent in New York, while copper futures rose 0.7 percent. New

SINGAPORE: The ringgit hit a 17-year low on Monday as a global slump in commodity prices added to concerns over sluggish exports, while investors braced for a US Federal Reserve meeting that might take another step toward lifting interest rates.

The ringgit eased 0.1% to 3.8110 per dollar, its weakest since September 1998.

The ringgit pared losses again as the central bank has been spotted intervening to keep the worst performing Asian currency firmer than 3.8100 per dollar, traders said. The

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