NST Online Business Times : latest

Posted: 30 Dec 2013 06:12 PM PST

The ringgit opened higher against the US dollar today on fresh demand for the domestic unit, said a dealer.

At 9.05am, the ringgit was quoted at 3.2865/2895 to the dollar from Monday's close of 3.2930/2960.

The ringgit also traded mostly lower against other major currencies.

The local unit was lower against the Singapore dollar at 2.5943/5971 from 2.5929/5973 on Monday, and fell vis-a-vis the yen to 3.1309/1346 from 3.1259/1290.

The domestic currency also depreciated against the euro to 4.5367/5421 from 4.5259/5307 on Monday.

Against the British pound, the domestic unit appreciated to 5.4208/4264 from 5.4287/4346 yesterday.-- Bernama

Asia shares mostly higher

Posted: 30 Dec 2013 07:14 PM PST

TOKYO: Shares were mostly higher in the few markets open Tuesday in Asia, after Japan finished 2013 trading with its biggest annual gain in 41 years.

Hong Kong's Hang Seng index gained 0.3 per cent by mid-morning to 23,314.21. Shares in Australia, Malaysia, Singapore and Shanghai were also slightly higher, but fell in New Zealand and Taiwan.

Markets were closed in Japan and other Asian markets for the New Year holiday.

The Tokyo benchmark Nikkei 225 stock index rose 0.7 per cent Monday to end 2013 at its highest level in more than six years, having gained 56.7 per cent in 2013.

Overnight, markets were more cautious. Germany's DAX drifted 0.4 per cent lower on its last trading day, to 9,552.16, leaving it shy of its record high hit last week.

French and UK markets, which will trade for a half day on Tuesday, also closed slightly lower, with the CAC-40 down 0.1 per cent at 4,275.71, and the FTSE 100 down 0.3 per cent at 6,731.27.

In the US, the Dow was flat at 16,483.88, while the S&P 500 was down 0.1 per cent at 1,840.22.

This was a banner year for many markets, with the DAX up 25.5 per cent, the CAC index up 17.4 per cent and the FTSE 100 gaining 14 per cent. But none matched the Nikkei, which soared on renewed confidence in the economy.

China's slowdown and growing concern over its mountain of local debt cast a pall over many regional markets.

Hong Kong's Hang Seng Index, burdened by rising concern over debt and slowing growth in mainland China, has gained just 2.9 per cent this year, while the Shanghai Composite Index has fallen seven per cent.

In foreign exchange markets, the dollar was trading 0.01 per cent lower at 104.92 Japanese yen, while the euro slipped 0.02 per cent to US$1.380.

The price of crude oil dipped back below US$100, with the benchmark US contract for February delivery down 2 cents to US$99.31 in electronic trading on the New York Mercantile Exchange.-- AP

Kredit: www.nst.com.my

Isnin, 30 Disember 2013

NST Online Business Times : latest

NST Online Business Times : latest

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