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Oil rout, China weakness-keep-stocks-on-back-foot
Business, Published on 18/01/2016
» Recap: Asian stock markets swung back and forth last week but brief rebounds proved unsustainable in the face of dire economic news. Oil prices sank to a 12-year low below US$30 per barrel as investors worried about the health of the global economy, while the slowdown in China and volatility in its markets continued to make for a nervous start to the year. The Thai stock market had a similarly wild ride, tracking the regional bourses.
Malaysia reserves lowest since 2011
Published on 22/01/2015
» Malaysia’s foreign-exchange reserves fell 4% to US$111.2 billion, the lowest level since March 2011, amid speculation the central bank is intervening to curb the decline in Southeast Asia’s worst-performing currency.