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The Kuala Lumpur Composite Index (KLCI) ended lower for the second consecutive day, as investors shunned expensive blue-chip stocks in favour of smaller-sized companies with strong domestic play.
Economic ministers from the Association of Southeast Asian Nations (ASEAN), including Malaysia, met Friday to finalise a blueprint to transform their region into a booming free trade zone by 2015, but warned it's not a magic wand to turn their bloc into a Cinderella story.''
Foreign direct investment (FDI) in South-East Asia's manufacturing sector grew nearly 150% to US$30.8bil in the first half from a year earlier as the region gained from a runoff in investor interest in China and India.