Economic monitor: Malaysia

Ulhas Joglekar uvj at vsnl.com
Thu Sep 12 07:02:37 PDT 2002


Far Eastern Economic Review

Issue cover-dated September 19, 2002

ECONOMIC MONITOR: MALAYSIA

Fear of the Future?

By S. Jayasankaran

Issue cover-dated September 19, 2002

If you believe the stockmarket is a barometer of future economic news, then you should worry about Malaysia. The benchmark index of the Kuala Lumpur Stock Exchange soared 17% to hit 816 by late April. Since then it's been downhill all the way. By September 8, the market had actually come off 2% since January. That's despite the fact that there has been nothing but good news about Malaysia since. "When it [the market] reacts badly to good news, that's very bad,"says Kostas Panagiotou, a regional economist at Kim Eng Securities in Singapore. "It may be telling us something."

But what?

http://www.feer.com/articles/2002/0209_19/p060econmon.html



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