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The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.
B>HONG KONG:/BAsian investor sentiment has soured with the spread of the Severe Acute Respiratory Syndrome (SARS) virus, sending portfolio managers scurrying to cash despite cheap stocks across the region.
IT has been three years since index constructor Morgan Stanley Capital International (MSCI) announced that it would adjust its equity indices so as to take into account free float levels. Back then, there was some hand wringing among our stock market players over the possibility of Malaysia suffering an exodus of foreign funds.a href=http://biz.thestar.com.my/bizweek/>LI>B>For the full Bizweek reports click here/B>/a>
RESORTS World Bhd share price has surged more than 28% or RM2.15 from its recent low of RM7.55 posted in April when many were dumping the shares amid worries over the impact of Severe Acute Respiratory Syndrome (SARS) outbreak on the company#039;s earnings.
ASIAN stocks rallied, with Japan's Nikkei 225 Stock Average closing above 10,000 for the first time in a year. Exporters such as Tokyo Electron Ltd and Hyundai Motor Co led gains after a US factory production report signalled a rebound in the world's biggest economy.