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Asian stock markets rallied yesterday, driven by China's announcement of a US$586bil package to revive growth in the world's fourth-largest economy.
What is it about October and stocks? The month that brought the 1929 crash, Black Monday in 1987 and other midautumn market crises delivered its worst monthly performance in 21 years.
Malaysian stocks ended May on a high note as the first-quarter earnings season drew to a close. Most companies did reasonably well during the January-March period and plantation firms again led the overall charge with another bumper quarter as they continued to profit from surging crude palm oil (CPO) price.