REVIEW: Despite indicators pointing to a rebound, Bursa Malaysia opened the week on an easier footing, with the FBM Kuala Lumpur Composite Index (FBM KLCI) declining 4.33 points to 1,464.79, as most investors moved to the sidelines following huge losses in US markets overnight.
Wall Street slumped 303.68 points to 10,992.13 on growing doubts about Europe's ability to resolve its sovereign debt crisis and the stronger greenback sparked a sell-off in risky assets, pulling crude futures down US$1.81 to US$87.24 the previous Friday.
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