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Asian markets up on weak US$, foreign funds flow into Bursa

KUALA LUMPUR: The ringgit’s spurt against the US dollar is lifting foreign appetite for local equities as higher crude oil prices and the weakening dollar boosts buying interest in the local stock market.

Petronas Gas remains a hold at CIMB Research

KUALA LUMPUR: CIMB Equities Research is retaining its hold call on Petronas Gas with an unchanged target price of RM19.40.

Scores injured as Indonesia stock exchange building lobby floor collapses

JAKARTA (Reuters) - A mezzanine floor overlooking the main lobby of the Indonesian Stock Exchange building collapsed on Monday, injuring scores of people, many of them students, under slabs of concrete and other debris, officials and witnesses said.

Second floor of Indonesia Stock Exchange collapses, around a dozen people injured

JAKARTA (Reuters) - The second floor of the Indonesia Stock Exchange building collapsed on Monday, said an exchange employee, injuring around a dozen people who were carried on stretchers from the building.

Indonesia stock exchange reopens after floor collapse

JAKARTA (Reuters) - Indonesia's Stock Exchange reopened for the afternoon session on Monday after about a dozen people were injured in a floor collapse. All staff were safe, it said.

Petronas Chemicals, Genting lead KLCI to higher close

KUALA LUMPUR: Blue chips closed higher on Monday, underpinned by gains in Petronas Chemicals and Genting Malaysia but the broader market showed signs of weakness. Foreign funds were net buyers.

Malaysia-Singapore ties tested by high-speed rail contract

KUALA LUMPUR/SINGAPORE: The leaders of Malaysia and Singapore are expected to discuss plans for a high-speed rail project linking their countries during summit talks on Tuesday, as a deadline to award the multi-billion dollar project nears.

Police rule out bomb as Indonesia's stock exchange floor collapses, at least 12 injured

JAKARTA: A mezzanine floor overlooking the main lobby of the Indonesia Stock Exchange building collapsed on Monday, injuring at least a dozen people under a shower of glass and other debris, an exchange employee and witnesses said.

Refiners top losers, Hengyuan leads

KUALA LUMPUR: Refiners Hengyuan Refining Co Bhd and Petron Malaysia Refining & Marketing Bhd, which had been rallying as crude oil prices climbed, were among the top losers in late afternoon trade on Monday.

Facebook’s ad business seen powering through news feed change

Facebook Inc’s decision to shift people’s news feeds back toward posts from friends and family and away from businesses and media outlets will likely mean users spend less time on the site. Yet analysts say advertising revenue may continue to grow as quality over quantity wins out.