Investor Digest (Malaysia)
06-16-2001
OVER the past five months, the Kuala Lumpur Stock Exchange (KLSE) has
been stuck in a downward spiral. Volume and prices were tepid and lukewarm,
except for shallow pockets of mild excitement coinciding with events like
the removal of the exit levy.
Successive interest rate cuts in the United
States had little influence on the KLSE, even though other regional markets
such as Hong Kong usually reacted positively to the Federal Reserve’s lead.
However, most analysts polled in late 2000 expected the downdraft. The
KLSE Composite Index has …
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