Band trading ahead

  • Business Premium
  • Saturday, 05 Jun 2010

REVIEW: Shares on Bursa Malaysia were seen heading for a soft start after a downgrade of Spain’s credit rating triggered fresh fears that the euro zone’s fiscal problems would derail recovery of the global economy, dragging overnight Wall Street lower the previous Friday.

The Dow, which had been under pressure from unexpectedly flat consumers spending data and slower growth, lost 122.36 points to 10,136.63 on heavy profit-taking activity ahead of the long weekend.

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