REVIEW: On the back of a bullish Wall Street overnight, spurred by the robust jobs data, many people had expected the latest development in the United States to spark a rally in the Asia-Pacific region. But in an unprecedented move, all the markets on our radar screen, including Bursa Malaysia declined soon after the starting bell for the week, as investors played a different version of the stimulus theme song, saying that the recovery may prompt the Federal Reserve to draw back the bond buying programme sooner rather than later.
Apart from that, the introduction of new measures to curb soaring property prices in Hong Kong and the tightening on lending at home weighed on sentiment.
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