Around the World's Markets: Malaysia
Tuesday 10 August 1999
The cut in the intervention rate and output data spurred a bout of buying, but it ran out of steam and the benchmark index ended down 5 per cent to 668.21.
The central bank cut the three-month intervention rate from 6 to 5.5 per cent. "The market anticipated 25 basis points. This is a little big," said an analyst.
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