Renewed Eurozone Concerns Dampened Markets

• In line with the weak sentiment in offshore markets, the FBM KLCI eased to a one-week intraday low of 1,650.8 points on Friday before closing at 1,653.4 points for a loss of 0.4% for the week.

• Most regional markets closed on a weak note with weekly losses ranging between 1% and 3.5%. However, China H shares rose on expectations of new stimulus measures to boost consumer spending.

• Looking ahead, the local market is anticipated to move in tandem with overseas markets as investors continue to monitor the outlook for global economic activities.