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Asian markets continue to fluctuate at midday

KUALA LUMPUR: Asian stocks fluctuated as share-sale concerns and the dollar’s slump to a 14-year low against the yen overshadowed advances by commodity and technology companies.

KLCI up in early trade

KUALA LUMPUR: The KLCI was marginally up in early trade Thursday led by blue-chip counters.

AIG cuts salaries to 3 top executives

SAN FRANCISCO (AP): Insurer American International Group Inc. said it has cut the salaries of three top executives to comply with pay restrictions for companies that took federal bailout money, according to a regulatory filing Wednesday.

• Toyota to replace gas pedals on 4 million vehicles
• AIG resolves all legal disputes with Greenberg
• Fuel derivative loss puts MAS in the red
• CPO extends rally
• New Central Bank Act comes into force
• PKFZ bonds have high yields
• Economist: One year is sufficient time to prepare GST
• UBS: Worst of global economic crisis over
• Golden Frontier upbeat on Penang, Viet ops
• Puncak Niaga’s claims will continue to snowball if tariff issue is not resolved

Bursa Malaysia Summary

Last updated:26 Nov - 6:45 pm CI 1270.61 (-0.39) Ind. 2710.13 (12.82) Vol: 7646571 lots Gainers: 293 Losers: 543 Unch: 266

News

• Maxis still attracts interest
• Lower plantation contribution brings down Sime’s Q1 profit
• M3 grew at a faster pace in October
• CIMB to dispose part of NPLs to special-purpose firm
• Higher brokerage fees lift OSK profit
• MAHB Q3 net profit dips
• Genting posts higher earnings
• Alliance registers strong net profit

Auto

• Naza Kia plans to double sales volume with new Kia models
• Mercedes-Benz sets 4,000-unit target

Capital Talk

• How important is China to Malaysia?

Letters

• PTP clarifies

Comment

• Don’t sell so fast, especially in VGOs
• China must avoid a Japanese-style bubble