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TOKYO: The world’s biggest pension fund posted its fifth straight quarterly gain, the longest run in more than two years, as global stocks advanced to new highs and weakness in the yen helped boost the value of overseas investments.
MMC Corp Bhd expects its overseas operations to contribute significantly to group profit but for the immediate future, the company is looking at its homegrown utilities and port businesses to drive growth.
Stocks meandered to a mixed finish Tuesday as higher oil prices pressured the market, but the Standard Poor's 500 index neared a four-year high in a sign of Wall Street's underlying bullishness.