Barefoot Investor: General rebound for Asian markets early today

Asian markets generally saw a rebound in Tuesday's early morning trade, against a backdrop of uncertainty surrounding debt problems in the euro zone and United States as well as a weakening American dollar.

At 10am today, Tokyo's Nikkei 225 was up 0.04% to 10,054.34, Hong Kong's Hang Seng Index rose 0.75% to 22,461.26 and Shanghai's A share index was 0.21% higher at 2,694.36.

However, the local bourse's benchmark index was 0.14% lower at 1,557.42 while Singapore's Straits Times Index was up 0.13% to 3,175.61.

At Bursa Malaysia, decliners outpaced advancers by 222 to 208 while 239 other counters were traded unchanged.

There were 248 million shares done with a total turnover of RM249.8 million.
Among the gainers were Petronas Dagangan Bhd which was up 32 sen to RM18.30, DRB-HICOM BHD which rose 30 sen to RM2.25, KNM Group Bhd which was up 11 sen to RM1.86 and Zecon Bhd which rose 10.5 sen to 58.5 sen.

The losers included Tenaga Nasional Bhd which fell 8 sen to RM6.14 and ACE Market-listed Catcha Media Berhad which slipped 6.5 sen to 62.5 sen.
At 10am today, Nymex crude oil in electronic trade was US$0.05 higher at US$99.25 per barrel.

Spot gold was quoted at US$1,614.15 per ounce.

The ringgit was quoted at RM2.96 to the US dollar and RM4.27 to the euro.(The Star Online)


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