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ASIAN stock markets, already weighed down by growing fears of war in Iraq, failed to take the cue from Wall Street's overnight rally and continued their descent yesterday, with domestic issues eroding investor confidence in key bourses.
Japan announced yesterday plans to make it easier for companies to buy back their own shares and said it would discourage short-selling as part of an emergency package to shore up crumbling stock market confidence.
The Securities Commission (SC), which has prosecuted 110 people for various corporate offences since its inception in 1993, is currently investigating several new cases that could lead to similar action, SC deputy chief executive Datin Zarinah Anwar said.