12:30 Asian stocks reversed its turnaround on Friday and mostly fell by more than 1%. The worries of bank’s borrowing cost and rising defaults pressed financial stocks down sharply.
Local market lied low for the whole morning with KLCI lost by 9.18 points or 1.06%. MSO followed the Index settled at -143.12 but refused to fell further.
It is felt that market should regain losses at the afternoon session.
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