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KUALA LUMPUR:  Foreign funds stepped up selling pressure on Malaysian equites with net selling at -RM269.3mil on Thursday and BIMB Securities Research expects the local stock market to remain lacklustre.

The research house said on Friday local funds were net buyers  at +RM271.2mil while  retailers were net sellers  at -RM1.9mil.

The fall in the KLCI on Thursday, where it shed 0.41% to 1,722.44, was due  to selling of oil and gas counters and plantations.

Overnight on Wall Street, key indices fell mainly due to the sell-off in commodities and weaker than expected corporate results. The DJIA lost 0.67% to end at 17,731.92 while the S&P500 was down 0.57% to close 2,102.15

European equities fell for a third straight session on lower corporate earnings. In Asia, key regional indexes ended mostly higher with Chinese shares notched their sixth straight session of gains with strong buying by Beijing-backed funds.

-The Star Online

TOKYO: Asian shares edged down in early trading on Friday, on track for a weekly loss, while U.S. jobs data underpinned the dollar as it bolstered bets that the U.S. Federal Reserve is on track to hike interest rates later this year.

MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.2 percent in early trading, on course for a weekly loss over 1 percent.

Japan's Nikkei stock index dipped 0.3 percent.

On tap for investors is the Markit Flash China Manufacturing

HONG KONG: Asian shares dipped on Thursday following Wall Street's decline overnight and lacklustre regional data while the greenback consolidated gains on the back of upbeat U.S. economic news.

South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak and poor exports, while Japan reported strengthening export growth in June but concern remained about how shipments to China might be affected by its slowing economy.

The MSCI's

KUALA LUMPUR: BIMB Securities Research expects the Malaysian stock market to remain lacklustre on Thursday and the FBM KLCI’s immediate resistance at 1,735.

On Wednesday, the KLCI closed down 6.66 points at 1,729.53 dragged down by plantations heavyweights like KL Kepong and Sime Darby.

“Foreign investors continue to be net seller yesterday at RM184mil, bringing the net outflow for the week to RM401mil,” it said.

Overnight on Wall Street, BIMB Research said investors were taking profit

KUALA LUMPUR: The fall in crude oil prices weighed on Petronas-linked stocks in late Thursday morning trade, as the FBM KLCI shed nearly two points.

At 11.02am, the KLCI was down 1.90 points or 0.11% to 1,727.63. Turnover was 608.31 million shares valued at RM407.38mil. There were 258 gainers, 308 losers and 298 counters unchanged.

Oil prices held steady in early Asian trade on Thursday, with US crude trading below US$50 a barrel near its lowest in more than three months as rising US

KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade Thursday on subdued buying support for the local note.

At 9.15 am, the ringgit was quoted at 3.8060/8080 against the greenback from 3.7915/7945 recorded at 5 pm yesterday.

Against other major currencies, the ringgit was also traded lower. 

It depreciated versus the Singapore dollar to 2.7836/7861 from 2.7803/7829 on Wednesday and fell against the yen to 3.0664/0692 from 3.0636/0665.

The ringgit was also lower

TOKYO: Asian shares slipped early on Thursday after disappointing earnings from tech giants weighed on Wall Street, while the dollar rebounded on the back of upbeat U.S. economic data.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent.

Tokyo's Nikkei rose 0.4 percent on a weaker yen, while Australian shares <.AXJO> were flat 0.2 percent.

The Dow shed 0.4 percent and Nasdaq lost 0.7 percent overnight after poor results from tech sector leaders like

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