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Malaysia

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  • Asian Markets Rise, But Financials Ease Monday, 7 Apr 2008 | 5:27 AM ET

    Asian markets rose Monday, with resource companies benefiting from stronger metals and oil prices, while the dollar rose, shrugging off worse-than-expected U.S. job losses. But concerns about the impact of the credit crisis on the financial system lingered, driving banking shares lower. Japan closed over 1 percent higher.

  • Asian Markets End Mixed Ahead of US Job Data Friday, 4 Apr 2008 | 5:43 AM ET

    Asian markets closed near one-month highs Friday, with investors trading cautiously ahead of U.S. jobs report that is expected to raise fresh concerns that the economy is closer to a recession. Japan finished lower, but South Korea and Australia closed almost unchanged.

  • Resource Stocks Lift Asian Markets Higher Thursday, 3 Apr 2008 | 5:16 AM ET

    Asian stocks rose to their highest in a month Thursday as a rally in gold and oil lifted resource shares. Japan and Australia both finished over 1% higher.

  • Japan Closes Up 4%, Markets Hope Worst is Over Wednesday, 2 Apr 2008 | 5:11 AM ET

    Markets surged Wednesday after a Lehman Brothers securities offering in the U.S. met strong demand, raising hopes in Asia that the worst of the credit crisis might be over. Japan closed over 4% higher, while Australia and South Korea both added 2%.

  • Asian Markets End Mixed, Japan Climbs 1% Tuesday, 1 Apr 2008 | 5:07 AM ET

    Asian stocks closed mixed Tuesday as markets pared back gains ahead of a raft of economic indicators due out this week. Investors are wary over the prospect of a serious global economic slowdown.

  • Asian Markets Head for Worst Quarter in Over 5 Years Monday, 31 Mar 2008 | 5:11 AM ET

    Asian markets ended mostly weaker Monday, heading for their worst quarterly performance in over five years. Japan finished down over 2 percent, but South Korea and Australia managed to eke out slight gains after treading lower for most of the session.

  • Kookmin to Sell BII Stake for $378 Million to Maybank Sunday, 30 Mar 2008 | 11:33 PM ET

    South Korea's Kookmin Bank said on Monday it would sell its 14 percent stake in Bank Internasional Indonesia to Malayan Banking for $378 million.

  • Asian Markets Rebound, Chinese Stocks Rally Friday, 28 Mar 2008 | 6:28 AM ET

    Asian markets closed firmly higher Friday, despite a weak start to trading, with Chinese stocks jumping nearly 5 percent. Gains were all the more impressive given Wall Street's fall.

  • Asian Markets Slide, Japan and China Decline Thursday, 27 Mar 2008 | 6:09 AM ET
    Investors study shares prices during the morning trading at RHB private stock market gallery in Kuala Lumpur, Friday, Feb.3, 2006. Malaysia's key stock index rose Friday to a 15-week high as foreign funds plowed into key bluechips after a long holiday. The Composite Index of 100 blue chip stocks ended at 927.85 points, up 13.84 points or 1.5 percent from last Friday's close. (AP Photo) **MALAYSIA OUT**

    Asian markets ended mostly lower Thursday as financials slipped on worries over bank earnings, and after a drop in U.S. durable goods stoked concerns the world's top economy is already in a recession. Both Japan and China finished weaker.

  • Maybank Shares Dive After Pricey BII Purchase Thursday, 27 Mar 2008 | 12:46 AM ET

    Shares in Malaysia's biggest lender, Malayan Banking, tumbled to a 3-1/2-year low on Thursday after it offered to buy Bank Internasional Indonesia for $2.7 billion.

  • Stocks End Mixed, Tokyo Slips But Seoul Gains Wednesday, 26 Mar 2008 | 6:12 AM ET

    Asian markets were mixed Wednesday, with Japan closing lower but South Korea edging up. The U.S. dollar sagged after the biggest drop in U.S. consumer confidence in five years cast doubt on the economy's resilience in the face of a housing and credit slump.

  • Malaysia's Maybank in $2.7 Billion Bid for BII Tuesday, 25 Mar 2008 | 10:34 PM ET

    Malaysian lender Malayan Banking, has secured a controlling stake in Indonesia's sixth-biggest lender, Bank Internasional Indonesia, for $1.5 billion, Maybank said on Wednesday.

  • Asian Markets Rally, Hong Kong Soars Over 6% Tuesday, 25 Mar 2008 | 6:58 AM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Asian markets climbed Tuesday following news of JPMorgan's raised bid for Bear Stearns. Expectations for a recovery in U.S. credit markets cheered investors. Hong Kong stocks jumped over 6 percent and Japan finished over 2 percent higher.

  • Malaysia PM Vows to Speed Reform After Poll Setback Monday, 24 Mar 2008 | 11:46 PM ET
    Visiting Kazakhstan President Nursultan Nazarbayev, right, and Malaysian Prime Minister Abdullah Ahmad Badawi pose outside the latter's office in Putrajaya, outside Kuala Lumpur, Malaysia, Monday, June 26, 2006. Nazarbayev arrived in Malaysia Sunday for a three-day visit. (AP Photo/Bazuki Muhammad, Pool)

    Malaysia's prime minister vowed on Tuesday to speed up economic reform after voters gave his government a sharp wake-up call at elections this month.

  • Asian Markets Edge Forward, Taiwan Rallies Sunday, 23 Mar 2008 | 8:22 PM ET

    Asian stocks ran flat to higher Monday. Japan and South Korea finished in the black. Trading activity was muted markets in Australia and Hong Kong closed for the Easter holiday. They will reopen Tuesday.  Friday was a holiday in the United States and around 40 other countries worldwide.

  • Asian Stocks Rise, Japan and South Korea Gain Over 1% Thursday, 20 Mar 2008 | 8:19 PM ET

    Asian stocks were mostly stronger this Good Friday, following gains on Wall Street. Japan and South Korea both finished over 1% higher. Markets in Australia, Hong Kong, India, Indonesia and Singapore are closed for the Good Friday holiday.

  • Asian Markets Seesaw, China Swings Wildly Thursday, 20 Mar 2008 | 5:41 AM ET

    Asian stocks bounced around in the afternoon session Thursday, with Chinese markets oscillating wildly, losing as much as 6.5% at one point, but swinging back into the black, now trading over 2% higher.

  • Asian Markets Rally, Australia Leaps 4% Wednesday, 19 Mar 2008 | 6:16 AM ET

    Asian markets rallied on Wednesday as investors took a shine to the U.S. Federal Reserve's interest rate cut. Australia had a spectacular session, finishing 4% higher. Japan and South Korea both ended over 2% higher.

  • Fed Hopes Lift Asia Stocks, Japan Climbs Tuesday, 18 Mar 2008 | 5:58 AM ET

    Asian stocks closed mostly higher Tuesday after Monday's selloff as battered financials regained some luster ahead of a Federal Reserve meeting that is expected to yield steep U.S. rate cuts. Japan finished 1.5 percent higher, but Australia closed flat.

  • Asian Markets Plunge on Credit Fears Monday, 17 Mar 2008 | 6:31 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian markets plunged Monday, but stocks were off session lows. Japan closed 3.7 percent lower and Hong Kong fell 5 percent.