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Will KLSE run out of steam like other indices in region?, BUSINESS TIMES
Business Times (Malaysia), September, 2001 by Francis Fernandez; Ishun P. Ahmad
Business Times (Malaysia) 09-04-2001 SLIDING share prices in Japan and other regional markets have left market observers wondering if the Kuala Lumpur Stock Exchange (KLSE) will run out of steam too. All Asian benchmark indices, except for Malaysia's and Thailand's, fell yesterday on concern that Asia may enter its deepest recession in more than a decade.
A continued slide in the US dollar to a three-month low didn't help. Japan's benchmark Nikkei 225 dropped for the fifth straight session, losing almost 3 per cent to close at its lowest in almost 17 years. South Korea's Composite Index dropped 3.3 per cent while Hong Kong's Hang Seng Index dropped 1.7 per cent. Taiwan's weighted index lost 1.2 per cent while Singapore's Straits Times Index eased 0.2...
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