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KLCI closes in the red on Sime Plant, Tenaga losses

KUALA LUMPUR: Blue chips closed on a weaker note on Monday, weighed down by Sime Plantation, Tenaga and Axiata on profit taking after firm gains the previous week while trading value and volume on the stock market declined.

Handal JV secures RM360m Petronas Carigali contract

KUALA LUMPUR: Handal Resources Bhd's joint venture has received a letter of award from Petronas Carigali Sdn Bhd for the provision of a water injection module worth about RM360mil.

Oil prices rise as Middle East tensions simmer

TOKYO: Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying "significant" sanctions on Tehran would be announced.

Brent futures were up 37 cents, or 0.6%, at $65.57 a barrel by 0044 GMT.  West Texas Intermediate crude was up 43 cents, or 0.8%, at $57.86 a barrel.

Asian stocks subdued

TOKYO: Asian shares were off to a cautious start on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations while oil prices firmed on worries over heightened tensions between the United States and Iran.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.16% in early trade while Japan's Nikkei ticked down 0.26%.