Friday, August 10, 2007

Malaysian and Asian stocks plunge

Friday, August 10 - Malaysia and Asian stocks took a beating with Japanese shares plunging almost 450 points in morning trade Friday following a sharp fall on Wall Street overnight, sparked by fears about a spreading credit crunch.

In Kuala Lumpur the benchmark Kuala Lumpur Composite Index (KLCI) eased 22.34 points at 1,291.05. Stocks in Hong Kong, Singapore, Philippines, Korea also fell.

Source..The Star

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