Malaysiakini reports here about the travails of Bursa Malaysia which saw the KLCI plunge below the psychological barrier of 1,000 points. I don't agree with the report that, Dealers said players were still trying to digest a sudden move by Prime Minister Abdullah Ahmad Badawi to hand over his finance portfolio to deputy premier, Najib Abdul Razak, and assuming instead the latter’s defence minister post.
The real reason for the plunge is the fear factor emanating from the semi-bloodbath in Wall Street overnight. This bearish sentiment is across the board throughout Asia. All newswires are reporting this.
I wonder if Malaysiakini will allow this entry to be captured in their data base. I'm saying that Malaysiakini is off-base on this one. Not everything is political, certainly not in this case.
The real reason for the plunge is the fear factor emanating from the semi-bloodbath in Wall Street overnight. This bearish sentiment is across the board throughout Asia. All newswires are reporting this.
I wonder if Malaysiakini will allow this entry to be captured in their data base. I'm saying that Malaysiakini is off-base on this one. Not everything is political, certainly not in this case.
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