Key Asian markets except for China closed sharply lower on Monday, following Greeks’ move to reject the bailout terms, while the FBM KLCI lost more than 17 points on continued selling by foreign funds and the ringgit sunk to a 16-year low.
At 5pm, the ringgit was at 3.8092 to the US dollar. It was the worst performing currency in Asia, down 8.14% year-to-date.
The support levels for the ringgit versus the US dollar were 3.7601, 3.7409 and 3.7083. The resistance levels were 3.7926, 3.8058 and 3.8383.
The KLCI closed down 17.19 points or 1% to 1,717.05, but off the intra-day low of 1,706. The broader market was weaker with four decliners to one advancer or 646 losers versus 158 gainers.
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At 5pm, the ringgit was at 3.8092 to the US dollar. It was the worst performing currency in Asia, down 8.14% year-to-date.
The support levels for the ringgit versus the US dollar were 3.7601, 3.7409 and 3.7083. The resistance levels were 3.7926, 3.8058 and 3.8383.
The KLCI closed down 17.19 points or 1% to 1,717.05, but off the intra-day low of 1,706. The broader market was weaker with four decliners to one advancer or 646 losers versus 158 gainers.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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