Asian markets continue to tumble on Friday


KUALA LUMPUR: Asian markets were mostly lower in Friday's trade as investors continued to be rattled by the political impasse in squabbles by United States lawmakers over the nation's debt crisis, as well as investors' wariness concerning debt problems in the euro zone.

At 5pm today, Tokyo's Nikkei 225 was down 0.69% to 9,833.03 while Hong Kong's Hang Seng Index dipped 0.58% to 22,440.25 and Shanghai's A share index was 0.26% lower at 2,701.73.

The benchmark FBM KLCI was down 0.20% to 1548.81 and Singapore's Straits Times Index was 0.02% lower at 3,189.26.

At Bursa Malaysia, losers overwhelmed gainers by 426 to 306 while 315 other counters were traded unchanged.

There were 1.1 billion shares done with a total turnover of RM1.7 billion.

Among the gainers were KSL Holdings Bhd's warrant rights which was up 31 sen to 31.5 sen, Petronas Gas Bhd which rose 20 sen to RM13.48 and Malaysian Resources Corp Bhd which rose 15 sen to RM2.55.

The losers included MISC Bhd which fell 29 sen to RM7.45, KNM Group Bhd which slipped 12 sen to RM1.82 and Yinson Holdings Bhd which fell 11 sen to RM2.20.

At 5pm today, Nymex crude oil in electronic trade was US$0.44 lower at US$97 per barrel.

Spot gold was quoted at US$1,613.24 per ounce while spot silver was quoted at US$39.45.

Crude palm oil futures for October delivery dipped by RM19 to RM3,097 per tonne.

The ringgit was quoted at RM2.968 to the US dollar and RM4.237 to the euro.

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