KLCI down 0.2% at midday, but regional outlook brightening


KUALA LUMPUR: The FBM KLCI was down 0.2% or 3.68 points to 1,843.62 at the break on Wednesday in contrast to regional sentiment, which has been buoyed by reports that China’s central bank is injecting US$81bil into five major banks.

Hong Kong stocks rallied more than 1% in the first few minutes of trading on the news. US stocks also reacted strongly, with the Dow Jones Industrial Average rising 0.59% to 17,131.97 points.

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