The Star Online: Business
The Star Online: Business |
- KLCI tumbles 40pts to 1,660
- KLCI breaks below 1,700 level, falls 14pts
- New York Times Website Was Likely Hacked, Company Says
| Posted: KUALA LUMPUR: Malaysia's blue chips were battered by rising foreign selling, pushing the FBM KLCI down more than 40 points early Wednesday but the heavy selling could be overdone with local institutions coming in to pick up battered counters. At 9.21am, the KLCI was down 40.65 points to 1,660.59. Turnover was 327.61 million shares valued at RM217.10mil. Losers hammered gainers 614 to 15. Reuters reported Japan's Nikkei share average tumbled 2.1% to a two-month low 13,264.50 in mid-morning trade, breaching its immediate support line of 13,270.72, a 23.6 percent retracement of the slide from its May high to its low in June. It reported that geopolitical uncertainty over a possible US-led military strike against the Syrian government, while persistent concerns about a slide in emerging markets added to the dour mood. Malaysian equities, which had come under selling pressure in recent days, fell. Petronas Dagangan fell RM1.10 to RM25.50, Petronas Gas 70 sen to RM18.66 while UMW lost 50 sen to RM12. Among the consumers stocks, BAT fell 94 sen to RM60.66, Carlsberg 62 sen to RM13.20 and GAB 54 sen to RM13.20 while Nestle lost 52 sen to RM67.70. Aeon Credit lost 80 sen to RM15.12 and KL Kepong 54 sen lower at RM20.66. |
| KLCI breaks below 1,700 level, falls 14pts Posted: KUALA LUMPUR: Malaysia's blue chips extended their losses early Wednesday, with selling pressure picking up on banks and Tenaga Nasional, while key Asian markets also fell. At 9am, the FBM KLCI fell 14.01 points to 1,687.23. Turnover was 26.50 million shares valued at RM11.93mil. There were 188 losers to only eight gainers. Reuters reported jitters over a possible U.S.-led military strike against the Syrian government knocked Asian equities on Wednesday, with Japan's Nikkei hitting a two-month low, and pushed oil prices and safe-haven gold to multi-month highs. An acute 'risk-off' mode also boosted the appeal of the Japanese yen, which held at a one-week high against the dollar and euro after having posted its biggest rally in more than two months. Against a basket of major currencies, the dollar was steady at a one-week low. At Bursa Malaysia, BAT fell the most, down RM1 to RM60.60 with 200 shares done while Carlsberg lost 14 sen to RM13.68. Power giant Tenaga fell 13 sen to RM8.50. Public Bank fell 14 sen to RM16.74, CIMB and Maybank 10 sen each to RM7.28 and RM9.76. Cement maker Lafarge lost 31 sen to RM8.80 and UEM Sunrise was down 10 sen to RM2.31. |
| New York Times Website Was Likely Hacked, Company Says Posted: NEW YORK: The website of The New York Times experienced another outage on Tuesday afternoon, likely caused by hackers, the company said. New York Times Co spokeswoman Eileen Murphy tweeted on Tuesday that the "issue is most likely the result of a malicious external attack," based on an initial assessment. This is the second time the Times has experienced problems with its website in two weeks. On August 14, the site was down for several hours, an outage likely related to a scheduled maintenance update that occurred within seconds of the website's going down. Several media organization have been attacked by hackers in recent months. Also in August, hackers promoting the Syrian Electronic Army simultaneously targeted websites belonging to CNN, Time and the Washington Post by breaching a third party service used by those sites. Dow Jones Chief Executive Lex Fenwick tweeted on Tuesday that The Wall St Journal's website is "free to all for a few hours," a poke at the Journal's crosstown rival. |
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