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Blue chips led by plantations and banking stocks fell sharply in early trade Thursday in a knee-jerk reaction to the government's withdrawal of the bulk of subsidies for fuel under a restructuring exercise to cope with record high oil prices.hr noshade size=1 width=50%>
The Government announced Wednesday an increase in petrol and diesel prices, stating that it can no longer continue to subsidise fuel.
Second-tier plantation stocks on Bursa Malaysia are expected to rebound soon on short-term speculative buying, analysts said.
TOKYO (Reuters) - Mongolia will take advantage of its rich natural resources to forge closer ties with new allies and aims to clinch an investment pact with Canadian and Australian firms in a couple of months, its foreign minister said on Tuesday.