Euro, looming war impacts Asian markets

Euro, looming war impacts Asian markets
By Fintan Ng



KUALA LUMPUR: Concerns over the euro-zone's financial health continued to stalk the regional markets in Tuesday morning trade with talk of war looming between North and South Korea placing further pressure on the markets.

At the local bourse, stocks in the financial services sector and Sime Darby continued to drag the FBM KLCI down, with the index losing nine-tenths of a percent to 1,262.47 while Singapore's Straits Times Index fell 1.35% to 2,687.05 at 10.15am.

Seoul's Kospi Index tumbled 3.24% to 1,552.97 as North Korea's Kim Jong Il ordered the country's military to get ready for war, according to news reports.

Tokyo's Nikkei 225 slumped 2.37% at the mid-morning break, Hong Kong's Hang Seng Index shed 1.98%, the Taipei Index fell 2.36% and Shanghai's A share index dropped 1.36% to 2,636.97.

Spot gold was down US$1.85 to US$1,189.80 per ounce.

Nymex crude oil lost 82 cents to US$69.39 per barrel.

The ringgit was quoted at 3.352 to the US dollar and 4.121 to the euro.

Link: http://biz.thestar.com.my/news/story.asp?file=/2010/5/25/business/20100525105755&sec=business

Happy Mother's Day 2010

Mother's Day is a world wide celebration held on the second Sunday for the month of May. That means all mothers celebrate this day all over the globe. And today's the day! Wishing all mothers a very happy and memorable mother's day. It's a day when we acknowledge and appreciate our mothers for the unwritten sacrifices, unconditional love and everlasting care.

All you children of any age who may be a bit caught up with work, please be reminded to let your mum know of how wonderful they have been. On a personal note, for those who truly love their mothers, every day is mother's day! Loving our mothers does not happen only on day in one year.

HAPPY MOTHER'S DAY!