=MARKET BUZZ: Malaysia Shares May Edge Lower; 1680-1700 Range Tipped
KUALA LUMPUR (Dec 06) -- Malaysian shares likely lower as futures point to weaker open on Wall Street; local index ended 0.4% lower at 1688.27, while U.S. markets were closed Wednesday for former President George H.W. Bush’s funeral. Among markets that have started trading, the Nikkei 225 is down 0.8% while the S&P/ASX 200 is down 0.4%. February Brent crude fell 0.8% to $61.56 a barrel as traders waited on possible output cut by large oil-producing countries meeting at Vienna. Plantation stocks likely in focus after Indonesia eased rules on palm oil export levy that may dampen Malaysia's palm oil demand, dealers say. “The KLCI might open with a negative bias today… with the mood unsettled by lingering concerns about the U.S.-China trade dispute and the recent flattening of the Treasury yield curve,” says Public Investment Bank; tips support at 1680 and resistance at 1700.
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