Emerging Markets - Thai baht falls as much 0.5% but Asian stocks, FX advance after benign US inflation eases rate cut worriesKUALA LUMPUR: The FBM KLCI finished higher on Monday, amid a cautious market trend, in line with the performance of its regional peers.
On the broader market, losers outnumbered gainers by 545 to 390 while 565 counters unchanged. Trading volume stood at 2.4 billion units worth RM2.04bil.Among the FBM KLCI component stocks, PETRONAS Dagangan rose 18 sen to RM19.20, Maybank added 12 sen to RM10.08, Public Bank climbed six sen to RM4.52 and Hong Leong Bank jumped 34 sen to R20.34.
Meanwhile, the ringgit, the region's top performer this year, ended a 10-session losing streak with a 0.4% gain. Elsewhere in the region, Japan’s Nikkei Stock Average fell 0.26%, South Korea’s Kospi rose 0.27%, China’s Shanghai Composite index was up 0.74% and Hong Kong’s Hang Seng Index closed down 0.13%.
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