Stocks could find a firmer footing on Sept 3, as selling has eased slightly on Wall Street, with interest seen in key selected stocks including DRB Hicom, UMW, UBG and Bina Darulaman following fresh corporate news.
However, investors would have to watch the performance of key regional markets and the spillover impact. The local stock market has been not that badly impacted compared with the regional peers as it had not run up as much.
On Wall Street, stocks fell on Sept 2 as worries about the economy saw investors unload some shares for a fourth-straight day. This was despite that there were fewer private sector jobs in August than in July while companies planned fewer layoffs, suggesting modest improvement in the beleaguered U.S. labour market.
The Dow Jones industrial average closed down 29.93 points, or 0.32%, at 9,280.67. The Standard & Poor's 500 Index lost 3.29 points, or 0.33%, to 994.75. The Nasdaq Composite Index fell 1.82 points, or 0.09%, to 1,967.07.
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