REVIEW: Despite opening 1.16 points lower to 1,313.98, spooked by news of the sinking of a South Korean navy vessel, Bursa Malaysia’s benchmark FBM Kuala Lumpur Composite Index (FBM KLCI) bounced back shortly to the positive side on renewed bargain hunting, encouraged by upbeat Asian economic data.
Japanese retail sales jumped the most in 13 years in the year to February due to higher oil prices and the lingering effect of government stimulus, while South Korea’s current account recorded a surplus in Febriary on brisk exports.
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