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Tokyo stocks plunged Wednesday as investors took profits from recent gains in banks, domestic-demand stocks as well as technology blue chips. The U.S. dollar was down against the Japanese yen.
Philippine shares closed slightly lower Wednesday on profit-taking triggered by political and economic concerns, traders said.
THE KL stock market pulled back from a seven-day rally yesterday in what analysts described as overbought conditions, sending the benchmark Composite Index (CI) down 1.15% to 782.
Stocks ended flat on Friday as many traders took the day off, and those who were at work sifted through the first few quarterly earnings scorecards for fresh clues to corporate America's health while looking ahead to next week's full flood of company reports.
DESPITE the heightened activity on the KLSE of late, the local bourse is still lagging when compared against regional markets in terms of gains since early this year. But this is cause for optimism.