Stock Market News Wednesday

Share prices on Malaysia stock exchange closed marginally lower Tuesday as buying activities in the afternoon session limit the earlier losses.

The benchmark KLCI eased 2.48 points or 0.24% to 1,023.02 points. It opened 5.32 points lower at 1,020.18 points, and traded between 1,013.36 and 1,023.73 points during the day.

Share prices on the Singapore stock exchange closed marginally higher on lower volume Tuesday following buying activities in the afternoon session that pulled the market out of the red.

The benchmark FT Straits Times Index added 12.03 points or 0.56% to 2,178.13 points. It opened 1.67 points lower at 2,164.43 points and traded between 2,135.37 and 2,191.51 points during the day.

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In the United States (Excerpts from Yahoo.com) :

Stocks ended mixed but well off their lows Tuesday as early concerns about a barrage of stock offerings eased and rising oil prices lifted energy stocks. The Dow Jones industrials rose 50 points, while broader indicators fell.

Investors also pulled money from technology stocks after the Nasdaq composite index closed at a six-month high last week. The slide Monday and mixed finish Tuesday makes it difficult to tell whether Wall Street might be able to restart its stalled two-month rally.

The Dow rose 50.34, or 0.6 percent, to 8,469.11 after falling 155 on Monday. The S&P 500 index slipped 0.89, or 0.1 percent, to 908.35 and the Nasdaq fell 15.32, or 0.9 percent, to 1,715.92.

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