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Asian markets edge up

TOKYO: Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.15 percent. The index had declined 0.4 percent the previous day as plunging oil prices heightened anxiety about the outlook for broad demand and global growth.  Australian stocks rose 0.15 percent while Japan's Nikkei shed 0.5 percent.  All the same, stock market gains in Asia were limited after Wall Street extended their recent decline.

Gas Malaysia’s 9M core net profit below forecast

KUALA LUMPUR: Gas Malaysia’s 9MFY18 core net profit came in below expectations, at 66% of CIMB Equities Research’s full year forecast and 70% of the Bloomberg consensus estimate.

CIMB Research cuts earnings forecast for KL Kepong

KUALA LUMPUR: CIMB Equities Research cut its earnings forecasts for Kuala Lumpur Kepong’s (KLK) FY19-20F by 28%-36% to reflect lower crude palm oil (CPO) and palm kernel (PK) price assumptions.

CIMB Equities Research cut its earnings forecasts for Kuala Lumpur Kepong’s (KLK) FY19-20F by 28%-36% to reflect lower crude palm oil (CPO) and palm kernel (PK) price assumptions.

Oil price resumes decline Thursday (Update)

NEW YORK: Oil rose about 1 percent on Wednesday, recouping some of the previous session's heavy sell-off, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices.

U.S. crude futures were down 33 cents, or 0.6 percent, at $55.92 a barrel by 0004 GMT.  The contract rose 1 percent on Wednesday, after sliding for 12 straight sessions and touching its lowest since November 2017.

US stocks falls, S&P down for 5th day

NEW YORK: Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives.

The Dow Jones Industrial Average fell 205.99 points, or 0.81 percent, to 25,080.5, the S&P 500 lost 20.6 points, or 0.76 percent, to 2,701.58 and the Nasdaq Composite dropped 64.48 points, or 0.9 percent, to 7,136.39.

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