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THE KLSE extended its winning streak into a 5th consecutive day yesterday, with news of corporate takeovers providing further mo-mentum to an already buoyant market.
Singapore Airlines (SIA) posted an unprecedented quarterly loss yesterday after the deadly Severe Acute Respiratory Syndrome (SARS) outbreak hit air travel demand, but the carrier said the worst was over although sluggish economic conditions made the outlook hazy.
The benchmark Nikkei Stock Average of 225 issues closed down 43.75 points, or 0.40 percent, at 10,815.57 points.
AS Japan edges closer to rejoin the world of inflation, the Koizumi government has already started to bash the Bank of Japan with all kinds of warnings that the central bank may lose its independence, should it decide to abandon its zero interest rate policy too early.