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Finance & Markets

Malaysia Stock Market May Halt Its Slide

(RTTNews) - The Malaysia stock market has finished lower in three straight sessions, slumping more than 30 points or 2 percent in that span. The Kuala Lumpur Composite Index now sits just shy of the 1,600-point plateau although it may find traction on Tuesday.

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Banking stocks, high oil prices drag Indian markets lower

Across Asia, markets were mixed, with South Korea rebounding 1.8% from last week's losses amid simmering concerns over excessive investments in artificial intelligence (AI).

  • Indian equity indices drop 1.2% on Monday, ending two-day winning streak
  • Large private sector banks report disappointing September quarter earnings
  • Brent crude futures fall 1.5% to $108.18 amid investor uncertainty

Raise the GST to 15%

The Grattan Institute argues that Australia’s GST system is no longer delivering the stable revenue base it was designed to provide for state governments.

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