KLCI falls 10pts, tracks Japan's losses


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KUALA LUMPUR (Nov 21): The FBM KLCI fell 9.76 points or 0.5% to 1,812.53 points, tracking losses in Japan markets.

Japan equities fell after Prime Minister Shinzo Abe dissolved parliament's lower house today and as a firmer yen curbed stock market gains in export-based Japan.

In Malaysia, Bursa Malaysia saw some 1.02 billion shares worth RM697.8 million traded. Market gainers trailed decliners by 234 versus 362, while 281 counters remained unchanged.

The top decliner was Petronas Dagangan Bhd while the top gainer was MISC Bhd. The most active counter was Nova MSC Bhd.

Across Asia, Japan's Nikkei 225 fell 0.6% while Hong Kong's Hang Seng added 0.11%.

Singapore's Straits Times erased losses for a 0.67% rise.

Most Asian stock markets rose on Friday on data showing broad U.S. economic strength, while the yen rebounded from overnight multi-year lows after a Japanese official expressed concern about the pace of its recent descent, according to Reuters.

Japan's Nikkei stock average bucked the regional trend, dropping 0.8 percent as the yen jumped after Finance Minister Taro Aso warned that its recent weakening was "too rapid."