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HONG KONG: The Hong Kong Monetary Authority sold HK$1.163 billion ($150.06 million) into the market in Hong Kong trading hours after the local currency hit the strong end of its trading band, according to data released by the HKMA.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) is likely to trade within a narrow band amid profit-taking following sharp gains recorded in the previous week.
TOKYO: The Bank of Japan (BoJ) (pic) is likely to allow long-term interest rates to move more widely around its 0% target and reduce purchases of super-long bonds to steepen the yield curve, according to former deputy governor Kazumasa Iwata.
The Malaysian Communications and Multimedia Commission (MCMC) has allocated the 2600 MHz spectrum band to eight companies which will allow them to provide 4G services.
Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash Tin.
It had been a short week for the local stock due to the Hari Raya Haji break on Friday. As widely expected, profit-taking consolidation was the theme for the week's trade, with no major domestic catalyst or surprises driving the FBM Kuala Lumpur Composite Index (FBM KLCI).