KUALA LUMPUR: The local bourse pared its losses slightly at midday Monday as better than expected earnings and manufacturing data in Asia fuelled hopes that an economic recovery was underway.
The FBM KLCI was down 5.73 points to close at 1,169.17 at midday after hitting a low of 1,164.36 in morning trade. Most Asian stocks rose for a third day after Japan’s Mitsubishi UFJ Financial Group Inc returned to profit and manufacturing in China expanded according to the CLSA China Purchasing Managers´ Index.
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