Friday 26 Apr 2024
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KUALA LUMPUR (Aug 11): Sentiment at the local market is expected to remain nervy today in line with the tepid and weaker global markets, as geopolitical tensions in the Korean peninsula keeps investors on tenterhooks.

Stocks around the world fell sharply on Thursday and investors moved into the yen, gold and other safe-haven assets amid more aggressive talk between the United States and North Korea, according to Reuters.

MSCI's gauge of stocks across the globe shed 0.77 percent, on track for its third straight day of declines as it pulled further back from all-time highs, it said.

The Dow Jones Industrial Average fell 94.55 points, or 0.43 percent, to 21,954.15, the S&P 500 lost 19.51 points, or 0.79 percent, to 2,454.51 and the Nasdaq Composite dropped 76.39 points, or 1.2 percent, to 6,275.94, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include the following: Mlabs Systems Bhd, Petronas Chemicals Group Bhd, HCK Capital Group Bhd, SCGM Bhd, Key Alliance Group Bhd, MMC Corp Bhd, Suria Capital Holdings Bhd, Malaysia Airports Holdings Bhd, Gas Malaysia Bhd, O&C Resources Bhd and Sunway REIT.

 

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