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KLCI falls below 1,850 early Thursday, Nestle top loser

KUALA LUMPUR: Profit taking on consumer stocks, especially Nestle weighed on the market early Thursday as the FBM KLCI slipped below the important 1,850 level, in line with the cautious key Asian bourses.

Global political tensions flatten yields, roil stocks

NEW YORK: Simmering political tensions roiled stocks and bonds across the globe on Wednesday, with U.S. yield curves continuing to flatten and stock markets closing in the red as industrial companies took a beating.

The Dow Jones Industrial Average fell 248.91 points, or 1 percent, to end at 24,758.12, the S&P 500 lost 15.83 points, or 0.57 percent, to 2,749.48 and the Nasdaq Composite dropped 14.20 points, or 0.19 percent, to 7,496.81.

Pakistan may raise US$2.5bil as in previous bond sale

ISLAMABAD: Pakistan’s Minister of State for Finance Rana Afzal Khan said the government may raise the “same” amount of funds from global debt markets as it did at a US$2.5bil sale in November.

Market down on elections?

PETALING JAYA: With the general election just around the corner, the stock market is already reacting ahead of the dissolution of Parliament expected at the end of the month with voting to take place in April