KLSE CI (890, last week 910 or -2.2% w.ow)
All the daily indicators like the Parabolic SAR, MACD, MACD Histogram, Guppy MMAs and DMIs (+ve and –ve) are bearish now. The weekly charts are still positive, especially the MACD, MACD Histogram. However, the Parabolic SAR, Guppy MMAs, ADX trend and DMI (+ve and –ve) are still weak. Support is seen at 7,000 and resistance at 8,000.
* Bloomberg: South Korea is prepared to support won, banks as market tumbles.
* Bloomberg: Asia agrees on USD120B pool of currency reserves as crisis worsens.
* BT: Macquarie:- Investors positive on Malaysia stocks. It picks Genting, AMMB, KNM, TMI and Tenaga.
* InvestorsBizDaily: Clinton urges China to keep buying US Treasurys.