Slowdown, default risks to prompt China reserve cut
BEIJING: Having reduced the amount of reserves that lenders must hold just two months ago, China's central bank could soon do it again to support a slowing economy and contain risks posed by corporate debt defaults, policy sources said.
KUALA LUMPUR (July 19): Gamuda Bhd shares rose 8.4 percent, more than any full-day gain since May 2013, as Malaysia's benchmark index advanced.
* Shares advanced to RM3.88, higher than any close since May 28, from RM3.58 in the previous session.
* Trading volume was more than triple the 20-day average
* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 0.5 percent, and the MSCI AC Asia Pacific Index fell 0.3 percent.