U.S. and European Market Roundup
· The DJIA down 92.12 points to 9,949.36 points.
· Spooked traders unraveled a rally in stocks late Wednesday as a downbeat assessment of a bank touched off fears that the market is getting overheated.
· European shares closed higher on Wednesday, with oils gaining as crude rose to more than $80 a barrel, and as U.S companies continued to beat forecasts for third-quarter earnings.
Macro and Corporate New
· Hong Leong Bank plans to further expand its reach in Vietnam with the establishment of branches and transaction centres after the establishment of its head office in Ho Chi Minh City, which is officially launched on Oct 8.
· Malaysia Airlines Cargo Sdn Bhd (MASkargo), the air cargo unit of Malaysia Airlines (MAS), has warned that revenue from its operations here could fall 20% this year on lower yields and capacity.
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